Rent Control: Do Economists Agree?
Econ Journal Watch, 2009, vol. 6, issue 1, 73-112
This paper organizes the judgments of economists regarding the impact of rent controls in the American context. The review is limited to journal articles listed by the American Economic Associationâ€™s electronic bibliography, EconLit, under the subject search â€œRent Control,â€ and articles cited by those EconLit-listed articles. My findings cover research on many dimensions of the issue, including housing availability, maintenance and housing quality, rental rates, political and administrative costs, and redistribution. It is fair to say that the literature points to a conclusion against rent control, yet as of 2001, about 140 jurisdictions in the United States persist in some form of the intervention.
Keywords: Rent control; maintenance; housing availability; price ceiling; price control; vacancy allowance (search for similar items in EconPapers)
JEL-codes: R21 R31 R38 R41 L51 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ejw:journl:v:6:y:2009:i:1:p:73-112
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