Housing is the largest durable good consumed by households. As such, any consumption-based measure of welfare, to be comprehensive, must include the value of the flow of services households derive from their dwellings, the so-called imputed rent. However, estimating imputed rents is a daunting...

Die Mieten im Geschosswohnungsbau sind seit 2010 weniger stark gestiegen als das Einkommen der privaten Haushalte. Da die Entwicklung jedoch regional sehr unterschiedlich verläuft, führt dies zu verschiedenen Veränderungen bei den Mietbelastungen der privaten Haushalte. Hier zeigt sich: Die...

The long-run U-shaped patterns of economic inequality are standardly explained by basic economic trends (Piketty’s rg), taxation policies, or “great levelers,” like catastrophes. This paper argues that housing policy, in particular rent control, is a neglected explanatory factor in...

Inequality in U.S. housing prices and rents both declined in the mid-20th century, even as home-ownership rates rose. Subsequently, housing-price inequality has risen to pre-War levels, while rent inequality has risen less. Combining both measures, we see inequality in housing consumption...