Who Pays for Rent Control? Heterogeneous Landlord Response to San Francisco's Rent Control Expansion

Rebecca Diamond, Tim McQuade and Franklin Qian

AEA Papers and Proceedings, 2019, vol. 109, 377-80

Abstract: Using a 1994 law change, we exploit quasi-experimental variation in the assignment of rent control in San Francisco to study which types of landlords bear the burden of decreased rental payments versus substitute away from supplying rent-controlled housing. We find rent control leads to a long-run decrease in the supply of rental housing. This effect is more pronounced among properties managed by corporate landlords versus individual landlords. Raising revenue for rental subsidies through rent control appears to be regressive, since corporations can evade the tax burden of rent control more easily, likely due to their superior access to capital.

JEL-codes: K25 R38 (search for similar items in EconPapers)
Date: 2019
Note: DOI: 10.1257/pandp.20191021
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.aeaweb.org/doi/10.1257/pandp.20191021 (application/pdf)
https://www.aeaweb.org/doi/10.1257/pandp.20191021.appx (application/pdf)
https://www.aeaweb.org/doi/10.1257/pandp.20191021.ds (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
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:aea:apandp:v:109:y:2019:p:377-80

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/subscribe.html

Access Statistics for this article

AEA Papers and Proceedings is currently edited by William Johnson and Kelly Markel

More articles in AEA Papers and Proceedings from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().