skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

An income-distributional analysis of the rent control subsidy

Journal of housing and the built environment, 2023-12, Vol.38 (4), p.2729-2749 [Peer Reviewed Journal]

The Author(s) 2023. Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. ;The Author(s) 2023. Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. This work is published under http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 1566-4910 ;EISSN: 1573-7772 ;DOI: 10.1007/s10901-023-10056-8

Digital Resources/Online E-Resources

Citations Cited by
  • Title:
    An income-distributional analysis of the rent control subsidy
  • Author: Donner, Herman ; Kopsch, Fredrik
  • Subjects: Apartments ; Economics ; Economics and Business ; Ekonomi och näringsliv ; Empirical analysis ; Geography ; Heterogeneity ; Households ; Housing ; Housing policy ; Housing subsidies ; Human Geography ; Impact analysis ; Income ; Landlords ; Landscape/Regional and Urban Planning ; Misallocation ; Multi-family ; Nationalekonomi ; Queueing ; Queues ; Rent control ; Renting ; Rents ; Samhällsvetenskap ; Segregation ; Social impact ; Social Sciences ; Subsidies ; Tenants
  • Is Part Of: Journal of housing and the built environment, 2023-12, Vol.38 (4), p.2729-2749
  • Description: Rent control measures are typically in place to assist low-income households and decrease segregation. Yet, there is little empirical research on the social impact of such policies and specifically the role of how rent-controlled apartments are allocated. This study analyzes the income-distributional effects of rent control with a novel dataset that includes characteristics of those who received rent-controlled apartments between 2011 and 2016 in central Stockholm, Sweden. Specifically, this paper provides analysis of the impact of allocating apartments through a centrally managed queue with apartments from both public and private landlords. To quantify the rent subsidy, we estimate hypothetical market rents by taking the owner-occupied market as a point of deviation. We find a positive relationship between the rent subsidy and time in que. Apartments in the fourth quartile of subsidy require on average 21 years in que, while those in the first quartile require 10 years on average. There is considerably heterogeneity in the level of rent subsidy, and tenant income. Even as allocating through queuing should benefit high-income households less than allocation based on landlord preferences, we find several regressive effects. Controlling for time in queue, we find that tenants in the fourth quartile of annual income receive monthly rent subsidies that are substantially higher than renters in the first quartile of income. Similarly, rental apartments in the fourth quartile of the subsidy have older tenants with substantially higher incomes compared to less subsidized apartments. The regressive effect is driven by high earners renting larger apartments with larger absolute subsidies and being able to wait longer in queue.
  • Publisher: Dordrecht: Springer Netherlands
  • Language: English
  • Identifier: ISSN: 1566-4910
    EISSN: 1573-7772
    DOI: 10.1007/s10901-023-10056-8
  • Source: SWEPUB Freely available online
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait