Empty homes, longer commutes: the unintended consequences of more restrictive local planning

Paul Cheshire, Christian Hilber and Hans Koster

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We investigate the impact of land use regulation on housing vacancy rates. Using a 30-year panel dataset on land use regulation for 350 English Local Authorities (LAs) and addressing potential reverse causation and other endogeneity concerns, we find that tighter local planning constraints increase local housing vacancy rates: a one standard deviation increase in restrictiveness causes the local vacancy rate to increase by 0.9 percentage points (23%). The same increase in local restrictiveness also causes a 6.1% rise in commuting distances. The results underline the interdependence of local housing and labour markets and the unintended adverse impact of more restrictive planning policies

JEL-codes: R13 R38 (search for similar items in EconPapers)
Date: 2018-02-01
New Economics Papers: this item is included in nep-ure
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Citations: View citations in EconPapers (18)

Published in Journal of Public Economics, 1, February, 2018, 158, pp. 126-151. ISSN: 0047-2727

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Journal Article: Empty homes, longer commutes: The unintended consequences of more restrictive local planning (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:86441

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