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Rent-control laws limiting the rents private landlords can charge tenants are controversial in the United States …. Critics have condemned rent control’s mandated wealth transfer from landlords to tenants, and economists have decried its … negative effects on rental supply and quality. With the advent of the sharing economy, rent-controlled tenants can rent out …
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Rent control policies seek to ensure affordable and stable housing for current tenants; however, they also increase the … exposure to the 1994 rent control referendum in San Francisco to study the effects of rent control on eviction behavior. We … find that for every 1,000 newly rent controlled units in a zip code, there were 12.05 additional eviction notices filed in …
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We study the effect of rent stabilization in NYC on tenant unemployment from 2002 to 2017. We show rent stabilization … instrumental variable that captures neighborhood-level rent-stabilized units’ relative vacancy when the tenant moves in. We develop … a job-search model with rent stabilization that rationalizes the disincentive mechanism behind this effect. We confirm …
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Despite the consensus on the inefficiencies it creates in the housing market, rent stabilization is often advocated by … tenant groups as a housing affordability policy. I show that contrary to usual belief, the main benefit of rent regulation … for tenants is not the protection it provides against higher rent increases over time. Rather, rent regulation is …
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