Social Policy or Crowding-Out? Tenant Protection in Comparative Long-Run Perspective

Konstantin Kholodilin (), Sebastian Kohl, Yulia Prozorova and Julien Licheron

No 1778, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research

Abstract: 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.

Keywords: Homeownership; rent control; tenure security; housing rationing; dynamic panel data model (search for similar items in EconPapers)
JEL-codes: C23 O18 R38 (search for similar items in EconPapers)
Pages: 26 p.
Date: 2019
New Economics Papers: this item is included in nep-his and nep-ure
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.diw.de/documents/publikationen/73/diw_01.c.611491.de/dp1778.pdf (application/pdf)

Related works:
Journal Article: Social policy or crowding-out? Tenant protection in comparative long-run perspective (2023)
Working Paper: Social policy or crowding-out? Tenant protection in comparative long-run perspective (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:diw:diwwpp:dp1778

Access Statistics for this paper

More papers in Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Bibliothek ().