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Social policy or crowding-out?: tenant protection in comparative long-run perspective

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Authors and Corporations: Kholodilin, Konstantin (Author), Kohl, Sebastian (Author), Prozorova, Yulia (Author), Licheron, Julien (Author)
Other Authors: Kohl, Sebastian [Author] • Prozorova, Yulia [Author] • Licheron, Julien [Author]
Type of Resource: E-Book
Language: English
published:
Berlin DIW Berlin, German Institute for Economic Research 2019
Series: Deutsches Institut für Wirtschaftsforschung: Discussion papers ; 1778
Source: Verbunddaten SWB
Lizenzfreie Online-Ressourcen
Description
Summary: In the shadow of homeownership and public housing, social policy through the regulation of private rental markets is a neglected and underestimated field of social policy. This paper, therefore, presents unique new data on the development of private tenancy legislation through the binary coding of rent control, the protection of tenants from eviction, and rental housing rationing laws across more than 25 countries and 100 years. This long-run perspective reveals the dynamic effects of rent control on the rise of homeownership as the dominant tenure during the 20th century. We find that both rent regulation and rationing legislation effectively increased homeownership, but only up to a certain threshold. We suggest that the short-term lure of an inexpensive social policy for tenants has led to the long-term marginalization of rental markets in many countries.
Physical Description: 1 Online-Ressource (circa 31 Seiten); Illustrationen