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Displaying results 1 to 7 of 7.

  1. The dynamics of long-term subletting
    evidence from apartment-seeking university students in Sweden
    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
  2. Investment incentives of rent controls and gentrification
    evidence from German micro data
    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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    DS 382
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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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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    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
  3. Government-made house price bubbles?
    austerity, homeownership, rental, and credit liberalization policies and the "irrational exuberance" on housing markets
    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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    DS 14
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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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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    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
  4. Quantifying misallocation of public housing
    Published: December 2023
    Publisher:  [CPB Netherlands Bureau for Economic Policy Analysis], [The Hague]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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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
  5. Affecting public support for economic policies
    evidence from a survey experiment about rent control in Germany
    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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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    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
  6. The effect of second-generation rent controls
    evidence from Catalonia
    Published: 26 September 2023
    Publisher:  Centre for Economic Policy Research, London

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    LZ 161
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    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP18485
    Subjects: rental markets; rent control; housing supply
    Scope: 1 Online-Ressource (circa 71 Seiten), Illustrationen
  7. The effect of second-generation rent controls
    new evidence from Catalonia
    Published: [2023]
    Publisher:  Federal Reserve Bank of San Francisco, [San Francisco, CA]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 385
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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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