Public Housing Units vs. Housing Vouchers: Accessibility, Local Public Goods, and Welfare

Sinan Sarpça, Charles Leung and Kuzey Yilmaz

Koç University-TUSIAD Economic Research Forum Working Papers from Koc University-TUSIAD Economic Research Forum

Abstract: A perennial debate worldwide over housing aid policy focuses on whether the government should provide housing vouchers or subsidized public housing units. To complement the empirically- dominated literature, this paper builds a general equilibrium model that merges urban land use (monocentric city) and Tiebout frameworks. In our model, public housing units or housing vouchers are rationed and some lower-income people have to compete with those with higher incomes in the private rental market. We discuss how location of public housing units is an essential policy variable in addition to the numbers and sizes of units, and argue why housing vouchers may be preferable to public housing.

Keywords: Conditional; CAPM (search for similar items in EconPapers)
Pages: 41 pages
Date: 2010-11
New Economics Papers: this item is included in nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Related works:
Journal Article: Public housing units vs. housing vouchers: Accessibility, local public goods, and welfare (2012)
Working Paper: Public housing units vs. housing vouchers: accessibility, local public goods, and welfare (2012)
Working Paper: Public Housing Units vs. Housing Vouchers: Accessibility, Local Public Goods, and Welfare (2012)
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