Diamond, Rebecca
[VerfasserIn]
;
McQuade, Timothy
[Sonstige Person, Familie und Körperschaft];
Qian, Franklin
[Sonstige Person, Familie und Körperschaft]
The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 2018 erstellt
Beschreibung:
We exploit quasi-experimental variation in assignment of rent control to study its impacts on tenants, landlords, and the overall rental market. Leveraging new data tracking individuals' migration, we find rent control increased renters' probabilities of staying at their addresses by nearly 20%. Landlords treated by rent control reduced rental housing supply by 15%, causing a 5.1% city-wide rent increase. Using a dynamic, neighborhood choice model, we find rent control offered large benefits to covered tenants. Welfare losses from decreased housing supply could be mitigated if insurance against rent increases were provided as government social insurance, instead of a regulated landlord mandate