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  1. Housing cooperatives, housing affordability, and rent control
    Author: Wrede, Matthias
    Published: October 2024
    Publisher:  CESifo, Munich, Germany

    Housing cooperatives have a significant share in some countries, particularly in urban housing markets, and are supported by municipalities through tax breaks and preferential access to land. We examine the contribution of housing cooperatives to the... more

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    Housing cooperatives have a significant share in some countries, particularly in urban housing markets, and are supported by municipalities through tax breaks and preferential access to land. We examine the contribution of housing cooperatives to the provision of affordable housing and how they are affected by rent control. For Germany, we find that residents of cooperative housing pay lower rents than for-profit owners, but are still affected by rent control. In particular, we show that stricter limits on rent increases for existing residential leases in tight housing markets have the effect of lowering rents for housing cooperatives, while we find no such effect of rent regulation for for-profit landlords.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/307382
    Edition: This version: October 2024
    Series: CESifo working papers ; 11452 (2024)
    Subjects: housing affordability; housing cooperatives; housing tenure; rent control
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  2. Rent control from Ancient Rome to Paris Commune
    the factors behind its introduction
    Author: Kholodilin, Konstantin
    Published: 2024
    Publisher:  DIW Berlin, German Institute for Economic Research, Berlin

    Urban areas confront a chronic shortage of housing, especially in the low-rent segment. This precarious situation is further exacerbated by major challenges, like the destruction of housing by wars and natural catastrophes, rapid increase of demand,... more

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    Urban areas confront a chronic shortage of housing, especially in the low-rent segment. This precarious situation is further exacerbated by major challenges, like the destruction of housing by wars and natural catastrophes, rapid increase of demand, or pandemics cutting incomes. In response, the authorities implement rent control that slows rent increases or even freezes rents. Rent control is ubiquitous, widely used at a large scale since World War I. However, its roots lie in a far more remote past, the first documented examples stemming from the Ancient Rome. Despite social and technological differences between then and now, the solutions found more than 2000 years ago bear a striking similarity with modern policies. Rapidly rising property prices, the COVID-19 pandemic, and the Ukrainian war pushed rent control back to the top of the political agenda. In this study, using logit model and survival analysis, I investigate the factors that led to introduction of rent control. I find that wars, foundation of universities, and presence of Jewish communities made the introduction of rent control more likely.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    hdl: 10419/300813
    Series: Discussion papers / Deutsches Institut für Wirtschaftsforschung ; 2094
    Subjects: rent control; housing policy; Antiquity; Middle Ages; logit model; Cox proportional hazards regression
    Scope: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  3. The dynamics of long-term subletting
    evidence from apartment-seeking university students in Sweden
    Author: Herold, Theo; Kopsch, Fredrik
    Published: September 2023
    Publisher:  Helsinki Graduate School of Economics, Helsinki

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789527543160
    Series: Helsinki GSE discussion papers ; 17 (2023)
    Subjects: rental market; long-term subletting; subletting market; difference-indifferences; rent control
    Scope: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  4. Rent control and rental prices
    high expectations, high effectiveness?
    Author: Breidenbach, Philipp; Eilers, Lea; Fries, Jan Ludwig
    Published: [2019]
    Publisher:  German Council of Economic Experts, [Wiesbaden]

    This paper evaluates the rent control policy implemented in Germany in 2015. Like many countries around the world, German cities and metropolitan areas have experienced a strong increase in rental prices during the last decade. In response, the... more

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    This paper evaluates the rent control policy implemented in Germany in 2015. Like many countries around the world, German cities and metropolitan areas have experienced a strong increase in rental prices during the last decade. In response, the politicians aimed to dampen the rise in rental prices by limiting the landlords' freedom to increase rents for new contracts. To that end, the rent control was introduced. To evaluate the effectiveness of the rent control with respect to rental prices, we take advantage of its restricted scope of application. First, it is applied only in a selected number of municipalities, thereby generating regional variation. Second, the condition of rental objects generates an additional dimension of variation since new and modernised objects are exempt from rent control. Based on data for rental offers in Germany, we apply a triple-differences framework with region-specific time trends as well as flat type-specific ones. Despite the high political expectations, our estimates indicate that the German rent control dampens rental price growth by only 2.5 %. This effect varies across object characteristics and seems to be larger for lower-quality, smaller-sized dwellings and in the lower price segment. Nevertheless, the application of an event-study indicates that these effects are not persistent over time.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/196170
    Series: Working paper / German Council of Economic Experts ; 2018, 07 (April, 2019)
    Subjects: Rental prices; rent control; regional variation; regulation; diff-in-diff-in-diff; event study
    Scope: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  5. Lessons from an aborted second-generation rent control in Catalonia
    Author: Kholodilin, Konstantin; López, Fernando A.; Rey, David; Arbues, Pelayo Gonzalez
    Published: 2022
    Publisher:  DIW Berlin, German Institute for Economic Research, Berlin

    This study investigates the effects of short-lived rent control regulations introduced in Catalonia in September 2020 and revoked in March 2022. Using the microdata of the largest Spanish housing advertisement portal idealista between January 2017... more

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    This study investigates the effects of short-lived rent control regulations introduced in Catalonia in September 2020 and revoked in March 2022. Using the microdata of the largest Spanish housing advertisement portal idealista between January 2017 and May 2022, we analyze the dynamics of prices and supply for dwellings offered for rent and for sale. We also examine separately the rental and sales markets. We find that the introduction of rent control led to a reduction in rents in both controlled and uncontrolled Catalan municipalities, while quantities virtually did not react to it. The selling prices of dwellings remained unchanged, whereas their supply increased substantially. The revocation of rent control caused a strong increase in the rental and selling prices in all municipalities, no increase in the supply, with the exception of the supply of regulated dwellings for sale. In addition, using the macrodata on housing construction we find that during the rent-control period the average number of monthly dwelling starts in Catalonia declined by 6% compared to January 2019 - September 2020, while nationwide it increased by almost 12%. Thus, the effects are broadly consistent with the predictions of the economic literature on rent controls.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
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    Other identifier:
    hdl: 10419/261401
    Series: Discussion papers / Deutsches Institut für Wirtschaftsforschung ; 2008
    Subjects: rent control; Catalonia; asking rents; asking selling prices
    Scope: 1 Online-Ressource (circa 42 Seiten), Illustrationen
  6. Rent control, market segmentation, and misallocation
    causal evidence from a large-scale policy intervention
    Author: Mense, Andreas; Michelsen, Claus; Kholodilin, Konstantin
    Published: 2019
    Publisher:  DIW Berlin, German Institute for Economic Research, Berlin

    This paper studies market segmentation that arises from the introduction of a price ceiling in the market for rental housing. When part of the market faces rent control, theory predicts an increase of free-market rents, a consequence of misallocation... more

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    This paper studies market segmentation that arises from the introduction of a price ceiling in the market for rental housing. When part of the market faces rent control, theory predicts an increase of free-market rents, a consequence of misallocation of households to housing units. We study a large-scale policy intervention in the German housing market in 2015 to document this mechanism empirically. To identify the effect we rely on temporal variation in treatment dates, combined with a difference-in-differences setup and a discontinuity-intime design. By taking a short-run perspective, we are able to isolate the misallocation mechanism from other types of spillovers. We find a robust positive effect on free-market rents in response to the introduction of rent control. Further, we document that rent control reduced the propensity to move house within rent controlled areas, but only among highincome households. Interpreted through the lens of our theoretical model, this spillover is a clear sign of misallocation. Further, we document that the spillover brings forward demolitions of old, ramshackle buildings.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/209639
    Series: Discussion papers / Deutsches Institut für Wirtschaftsforschung ; 1832
    Subjects: Misallocation; price ceilings; rent control; spillovers
    Scope: 1 Online-Ressource (circa 69 Seiten), Illustrationen
  7. Does social policy through rent controls inhibit new construction?
    some answers from long-run historical evidence
    Author: Kholodilin, Konstantin; Kohl, Sebastian
    Published: 2020
    Publisher:  DIW Berlin, German Institute for Economic Research, Berlin

    The (re-)introduction of rent regulation in the form of rent controls, tenant protection or supply rationing is back on the agenda of policymakers in light of rent inflation in many global cities. While rent control as social policy promises... more

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    The (re-)introduction of rent regulation in the form of rent controls, tenant protection or supply rationing is back on the agenda of policymakers in light of rent inflation in many global cities. While rent control as social policy promises short-term relief, economists point to their negative long-run effects on new construction. This paper present long-run data on both rent regulation and housing construction for 16 developed countries (1910-2017) and 44 developing countries since the 1980s to confirm the economists’ view generally, albeit with certain reservations. The negative effect of regulation can be offset by exemptions for new construction, by compensating government construction and by a flight of new construction into the owner-occupied sector. The overall magnitude of the effect is therefore not as high as expected and shows non-linearities. But, although rent control is usually introduced with good social-policy intentions, it generally risks to crowd out its object of regulation through inhibiting new construction.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/213310
    Series: Discussion papers / Deutsches Institut für Wirtschaftsforschung ; 1839
    Subjects: Residential construction; rent control; tenure security; housing rationing; panel data model
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  8. Rent control, market segmentation, and misallocation
    causal evidence from a large-scale policy intervention
    Author: Mense, Andreas; Michelsen, Claus; Kholodilin, Konstantin
    Published: [2019]
    Publisher:  Friedrich-Alexander-Universität Erlangen-Nürnberg, Institute for Economics, [Nürnberg]

    This paper studies market segmentation that arises from the introduction of a price ceiling in the market for rental housing. When part of the market faces rent control, theory predicts an increase of free-market rents, a consequence of misallocation... more

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    This paper studies market segmentation that arises from the introduction of a price ceiling in the market for rental housing. When part of the market faces rent control, theory predicts an increase of free-market rents, a consequence of misallocation of households to housing units. We study a large-scale policy intervention in the German housing market in 2015 to document this mechanism empirically. To identify the effect we rely on temporal variation in treatment dates, combined with a difference-in-differences setup and a discontinuity-intime design. By taking a short-run perspective, we are able to isolate the misallocation mechanism from other types of spillovers. We find a robust positive effect on free-market rents in response to the introduction of rent control. Further, we document that rent control reduced the propensity to move house within rent controlled areas, but only among highincome households. Interpreted through the lens of our theoretical model, this spillover is a clear sign of misallocation. Further, we document that the spillover brings forward demolitions of old, ramshackle buildings.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/205132
    Series: FAU discussion papers in economics ; no. 2019, 06
    Subjects: Misallocation; price ceilings; rent control; spillovers
    Scope: 1 Online-Ressource (circa 68 Seiten), Illustrationen
  9. Affordable housing and city welfare
    Author: Nieuwerburgh, Stijn van; Favilukis, Jack; Mabille, Pierre
    Published: 26 May 2019
    Publisher:  Centre for Economic Policy Research, London

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    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP13758
    Subjects: housing vouchers; Dynamic spatial equilibrium; house prices; affordable housing; rent control; zoning; gentrification; development; tax credits; New York
    Scope: 1 Online-Ressource (circa 84 Seiten), Illustrationen
  10. La intervención pública en el mercado del alquiler de vivienda
    una revisión de la experiencia internacional
    Author: López Rodríguez, David; Matea Rosa, María de los Llanos
    Published: 2020
    Publisher:  Banco de España, Madrid

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    Source: Union catalogues
    Language: Spanish
    Media type: Book
    Format: Online
    Series: Documentos ocasionales / Banco de España ; no. 2002
    Subjects: rental market; rent control; public provision of housing; incentives forhousing rental
    Scope: 1 Online-Ressource (circa 54 Seiten), Illustrationen
  11. The future of housing
    policy scenarios
    Author: Cournède, Boris; Ziemann, Volker; De Pace, Frederica
    Published: [2020]
    Publisher:  OECD, Paris, France

    By combining fresh estimates of housing supply and prices with recent long-term projections for their fundamental drivers such as population, income and interest rates, this paper produces scenarios for residential investment and real house prices up... more

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    By combining fresh estimates of housing supply and prices with recent long-term projections for their fundamental drivers such as population, income and interest rates, this paper produces scenarios for residential investment and real house prices up to 2050. For half of the covered countries, projected increases in house prices are large enough to outpace real incomes, thereby further eroding housing affordability. The paper illustrates and quantifies how housing policies can make a difference. Removing mortgage interest relief eases price pressures and can contribute to more affordable housing. Likewise, streamlining land-use governance and easing rental control can help unlock housing supply, make housing markets more efficient and, ultimately, housing more affordable.

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: OECD Economics Department working papers ; no. 1624
    Subjects: Economics; Housing affordability; housing supply; rent control; land-use policy; mortgage interest relief
    Scope: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  12. Rent price control - yet another great equalizer of economic inequalities?
    evidence from a century of historical data
    Author: Kholodilin, Konstantin; Kohl, Sebastian
    Published: 2021
    Publisher:  DIW Berlin, German Institute for Economic Research, Berlin

    The long-run U-shaped patterns of economic inequality are standardly explained by basic economic trends (Piketty’s r>g), taxation policies, or “great levelers,” like catastrophes. This paper argues that housing policy, in particular rent control, is... more

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    Evangelische Hochschule Freiburg, Hochschulbibliothek
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    The long-run U-shaped patterns of economic inequality are standardly explained by basic economic trends (Piketty’s r>g), taxation policies, or “great levelers,” like catastrophes. This paper argues that housing policy, in particular rent control, is a neglected explanatory factor in understanding overall inequality. We hypothesize that rent control could decrease overall housing wealth, lower incomes of generally richer landlords, and increase disposable incomes of generally poorer tenants. Using original long-run data for up to 16 countries (1900-2016), we show that rent controls lowered wealth-to-income ratios, top income shares, Gini-coefficients, rent increases, and rental expenditure. A counterfactual analysis using micro-data from the Luxembourg Income Study shows that rent controls could reduce rental expenditure of mostly lower-income tenants and rental incomes of mostly higher-income landlords. Overall, rent controls must be strict in order to have tangible effects and, historically, only strict rent controls have significantly reduced inequalities. The paper argues that housing policies should generally receive more attention in understanding economic inequalities.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/229900
    Series: Discussion papers / Deutsches Institut für Wirtschaftsforschung ; 1927
    Subjects: economic inequality; stratification; rent control
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  13. Why do people demand rent control?
    Author: Müller, Daniel; Gsottbauer, Elisabeth
    Published: [2021]
    Publisher:  Research platform Empirical and Experimental Economics, University of Innsbruck, Innsbruck, Austria

    We conduct a representative survey experiment in Germany to understand why people support inefficient policies. In particular, we measure beliefs about and preferences for rent control - a policy that is widely regarded as harmful by experts. To... more

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    We conduct a representative survey experiment in Germany to understand why people support inefficient policies. In particular, we measure beliefs about and preferences for rent control - a policy that is widely regarded as harmful by experts. To tease out causal mechanisms, we provide randomly selected subsets of participants with empirical estimates about the effects of rent control on rent prices and housing supply and with information about the consensus among economists against rent control. We find that people update their beliefs and that this leads to lower demand for rent control. Left-wingers update their beliefs more strongly, which reduces the ideological gap in support for rent control by about one-third. Providing information about economists' rejection of this policy leads to the largest reduction in support. However, the main drivers of support for rent control are fairness considerations and profit motives. Our study also highlights the importance of trust in expert advice since treatment effects are consistently larger among those who indicate trust in expert advice. Finally, an obfuscated follow-up survey conducted three weeks later reveals that the effects, both on support for rent control and on beliefs, persist only for those who trust.

     
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    hdl: 10419/240448
    Series: Working papers in economics and statistics ; 2021, 20
    Subjects: beliefs; demand for bad policies; housing supply; rent control; survey experiment; trust in experts
    Scope: 1 Online-Ressource (circa 49 Seiten), Illustrationen
  14. Rent control effects through the lens of empirical research
    an almost complete review of the literature
    Author: Kholodilin, Konstantin
    Published: 2022
    Publisher:  DIW Berlin, German Institute for Economic Research, Berlin

    Rent control is a highly debated social policy that has been omnipresent since World War I. Since the 2010s, it is experiencing a true renaissance, for many cities and countries facing chronic housing shortages are desperately looking for solution,... more

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    Rent control is a highly debated social policy that has been omnipresent since World War I. Since the 2010s, it is experiencing a true renaissance, for many cities and countries facing chronic housing shortages are desperately looking for solution, directing their attention to controling housing rents and other restrictive policies. Is rent control useful or does it create more damage than utility? To answer this question, we need to identify the effects of rent control. This study reviews a large empirical literature looking at various aspects of rent controls. We conclude that rent controls are quite effective in terms of lowering housing rents or slowing their growth, but they also lead to a wide range of adverse effects affecting both landlords and tenants.

     
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    Series: Discussion papers / Deutsches Institut für Wirtschaftsforschung ; 2026
    Subjects: rent control; housing policy; empirical literature review
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  15. Gentrification and affordable housing policies
    Author: Borck, Rainald; Gohl, Niklas
    Published: 2021
    Publisher:  Universität Potsdam, Potsdam

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    Source: Union catalogues
    Language: English
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    Edition: This version: December 02,2021
    Series: CEPA discussion papers ; No. 39
    Subjects: gentrification; housing market; rent control
    Scope: 1 Online-Ressource (51 Seiten, 2997 KB)
    Notes:

    Gesehen am 13.12.2021

    We use a quantitative spatial equilibrium model to evaluate the distributional and welfare impacts of a recent temporary rent control policy in Berlin, Germany. We calibrate the model to key features of Berlin’s housing market, in particular the recent gentrification of inner city locations. As expected, gentrification benefits rich homeowners, while poor renter households lose. Our counterfactual analysis mimicks the rent control policy. We find that this policy reduces welfare for rich and poor households and in fact, the percentage change in welfare is largest for the poorest households. We also study alternative affordable housing policies such as subsidies and re-zoning policies, which are better suited to address the adverse consequences of gentrification
  16. Gentrification and affordable housing policies
    Author: Borck, Rainald; Gohl, Niklas
    Published: November 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We use a quantitative spatial equilibrium model to evaluate the distributional and welfare impacts of a recent temporary rent control policy in Berlin, Germany. We calibrate the model to key features of Berlin’s housing market, in particular the... more

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    We use a quantitative spatial equilibrium model to evaluate the distributional and welfare impacts of a recent temporary rent control policy in Berlin, Germany. We calibrate the model to key features of Berlin’s housing market, in particular the recent gentrification of inner city locations. As expected, gentrification benefits rich homeowners, while poor renter households lose. Our counterfactual analysis mimicks the rent control policy. We find that this policy reduces welfare for rich and poor households and in fact, the percentage change in welfare is largest for the poorest households. We also study alternative affordable housing policies such as subsidies and re-zoning policies, which are better suited to address the adverse consequences of gentrification.

     
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    Other identifier:
    hdl: 10419/248999
    Series: CESifo working paper ; no. 9454 (2021)
    Subjects: rent control; housing market; gentrification
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  17. Investment incentives of rent controls and gentrification: evidence from German micro data
    Author: Baye, Vera; Dinger, Valeriya
    Published: 2021
    Publisher:  Narodowy Bank Polski, Warsaw

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    Media type: Book
    Format: Online
    Series: NBP working paper ; no. 342
    Subjects: rent control; housing supply; regional data; rent-price ratio; gentrification; housing affordability
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  18. Investment incentives of rent controls and gentrification
    evidence from German micro data
    Author: Baye, Vera; Dinger, Valeriya
    Published: [2023]
    Publisher:  Institute of Empirical Economic Research, Osnabrück University, Osnabrück, Germany

    We empirically document that the effectiveness of the German rent control introduced in 2015 in achieving rental housing affordability is limited. Exploring the reasons for this limited effectiveness we focus on the impact of the rent control on the... more

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    We empirically document that the effectiveness of the German rent control introduced in 2015 in achieving rental housing affordability is limited. Exploring the reasons for this limited effectiveness we focus on the impact of the rent control on the yield on rental housing investments proxied by rent-price ratios which we derive by matching micro-level quotes on similar objects offered for rent and for sale. Exploiting the temporal, regional, and objectspecific variation generated by the design of the rent control we identify a causal negative effect of the rent control on the yield of rental objects subject to the regulation. Further, we zoom into the spillovers across regulated objects and objects in the affected markets that were exempt from the regulation and find rising yields for the exempted objects, suggesting that the regulation contributed to gentrification via a shift of rental housing supply away from the regulated segment.

     
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    hdl: 10419/274115
    Series: Working paper / Institute of Empirical Economic Research, Osnabrück University ; no. 122 (January 2023)
    Subjects: rent control; micro data; rent-price ratio; housing affordability; housing supply
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  19. Government-made house price bubbles?
    austerity, homeownership, rental, and credit liberalization policies and the "irrational exuberance" on housing markets
    Author: Kholodilin, Konstantin; Kohl, Sebastian; Müller, Florian
    Published: 2023
    Publisher:  DIW Berlin, German Institute for Economic Research, Berlin

    Housing bubbles and crashes are catastrophic events for economies, implying enormous destruction of housing wealth, financial default risks, construction unemployment, and business cycle downturns. This paper investigates whether governmental housing... more

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    Housing bubbles and crashes are catastrophic events for economies, implying enormous destruction of housing wealth, financial default risks, construction unemployment, and business cycle downturns. This paper investigates whether governmental housing policies can affect economies’ propensity to build up speculative house price bubbles. Specifically, we focus on the liberalization effects of rent and credit regulation as well as homeownership and austerity policies. Drawing on a long-run time series from 16 countries since 1870, we identify speculative price bubbles through explosive root tests, corroborated by a narrative approach. Estimating logit models, we find that tighter rent and credit controls make bubbles less likely to emerge by dampening price increases, while certain homeownership and tenant subsidies and government austerity increase the likelihood of bubbles. The paper illustrates the logic of rent, credit, homeownership and austerity effects with two case studies.

     
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    hdl: 10419/280783
    Series: Discussion papers / Deutsches Institut für Wirtschaftsforschung ; 2061
    Subjects: speculative house price bubbles; rent control; homeowner taxation; explosive roots; panel data logit model
    Scope: 1 Online-Ressource (circa 84 Seiten), Illustrationen
  20. Quantifying misallocation of public housing
    Author: Buurma-Olsen, Jennifer; Koster, Hans; Ommeren, Jos van; Damsté, Jort Sinninghe
    Published: December 2023
    Publisher:  [CPB Netherlands Bureau for Economic Policy Analysis], [The Hague]

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    Series: CPB discussion paper
    Subjects: Misallocation; public housing; rent control; non-market allocation
    Scope: 1 Online-Ressource (circa 55 Seiten), Illustrationen
  21. The effects of rent control in Latin America
    a century of regulations in Argentina
    Author: Jacobo, Alejandro D.; Kholodilin, Konstantin
    Published: 2020
    Publisher:  DIW Berlin, German Institute for Economic Research, Berlin

    Following World War I, rent control became a standard policy response to the housing shortage and the resulting rent increases. Typically, economists blame it for creating inefficiencies in the housing market and beyond. We investigate whether rental... more

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    Following World War I, rent control became a standard policy response to the housing shortage and the resulting rent increases. Typically, economists blame it for creating inefficiencies in the housing market and beyond. We investigate whether rental market regulations (including rent control, protection of tenants from eviction, and housing rationing) had any effects in a middle-income Latin American economy, such as Argentina. To answer this question, we take advantage of a wide range of housing market indicators and restrictive rental regulation indices covering almost one century. Using a standard OLS model and MARS, a non-linear estimation technique, we find that rental market regulations have exerted a statistically significant negative impact on the growth rates of the real housing rents. However, they were only effective for short periods following both World Wars, when regulations were novel and particularly strong.

     
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    hdl: 10419/213598
    Series: Discussion papers / Deutsches Institut für Wirtschaftsforschung ; 1846
    Subjects: Argentina; housing rents; rent control; rental market regulations
    Scope: 1 Online-Ressource (36 Seiten), Diagramme
    Notes:

    Gesehen am 18.02.2020
  22. Affecting public support for economic policies
    evidence from a survey experiment about rent control in Germany
    Author: Dolls, Mathias; Schüle, Paul Valentin; Windsteiger, Lisa
    Published: June 2023
    Publisher:  CESifo, Munich, Germany

    We conduct a survey experiment among 18,000 respondents in Germany to examine the determinants of support for rent control policies. Highlighting undesirable price and supply effects lowers respondents' agreement with rent control, while pointing out... more

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    We conduct a survey experiment among 18,000 respondents in Germany to examine the determinants of support for rent control policies. Highlighting undesirable price and supply effects lowers respondents' agreement with rent control, while pointing out that it can prevent displacement of low-income tenants increases agreement. However, while our treatments shift support for the policy into the hypothesized direction, the effect size decreases in misperceptions. Our results suggest that responsiveness to new information depends largely on prior beliefs, which affect perceived credibility and political neutrality of the received information. Mere information provision is therefore not sufficient to effectively alter policy views.

     
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    Other identifier:
    hdl: 10419/279243
    Series: CESifo working papers ; 10493 (2023)
    Subjects: rent control; efficiency; redistribution; survey experiment
    Scope: 1 Online-Ressource (circa 52 Seiten), Illustrationen
  23. Housing policy and affordable housing
    Author: Hilber, Christian; Schöni, Olivier
    Published: [2022]
    Publisher:  Centre for Economic Performance, London School of Economics and Political Science, London

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    Series: Occasional paper / Centre for Economic Performance ; No. 56 (May 2022)
    Subjects: Housing policy; affordable housing; supply constraints; land use controls; housing subsidies; public housing; social housing; rent control; inequality
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  24. The effect of second-generation rent controls
    evidence from Catalonia
    Author: Monras, Joan; García Montalvo, José
    Published: 26 September 2023
    Publisher:  Centre for Economic Policy Research, London

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    Series: Array ; DP18485
    Subjects: rental markets; rent control; housing supply
    Scope: 1 Online-Ressource (circa 71 Seiten), Illustrationen
  25. The effect of second-generation rent controls
    new evidence from Catalonia
    Author: Monras, Joan; García Montalvo, José
    Published: [2023]
    Publisher:  Federal Reserve Bank of San Francisco, [San Francisco, CA]

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    Edition: This version: September 2023
    Series: Working papers series / Federal Reserve Bank of San Francisco ; 2023, 28 (September 2023)
    Subjects: rental markets; rent control; housing supply
    Scope: 1 Online-Ressource (circa 69 Seiten), Illustrationen