Rent control and tenancy duration
AbstractThis paper investigates how rent control affects mobility on the Danish private rental housing market. Based on a unique and extensive data set a measure of the degree of rent regulation of each housing unit is calculated, and this is coupled with socio-economic characteristics and spells of tenancy duration for each household. To accommodate the special features of such a data set we apply a proportional hazard duration model, that encompasses both the presence of left truncated tenancy durations, right censored observations and allows for a very flexible specification of the time dependency as captured by the baseline hazard function. We find that tenancy mobility is severely reduced by the presence of rent control. Tenancy duration for a typical household in the private rental sector is found to be more than six years longer if the apartment belongs to the 10 per cent most regulated units than if it belongs to the 10 per cent least regulated units.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Journal of Urban Economics.
Volume (Year): 52 (2002)
Issue (Month): 3 (November)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/622905
Other versions of this item:
- C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
- R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
- D45 - Microeconomics - - Market Structure and Pricing - - - Rationing; Licensing
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Richard Arnott, 1995. "Time for Revisionism on Rent Control?," Journal of Economic Perspectives, American Economic Association, vol. 9(1), pages 99-120, Winter.
- Gyourko, Joseph & Linneman, Peter, 1989. "Equity and efficiency aspects of rent control: An empirical study of New York City," Journal of Urban Economics, Elsevier, vol. 26(1), pages 54-74, July.
- W. A. V. Clark & Allan D. Heskin, 1982. "The Impact of Rent Control on Tenure Discounts and Residential Mobility," Land Economics, University of Wisconsin Press, vol. 58(1), pages 109-117.
- Häckner, Jonas & Nyberg, Sten, 1998.
"Rent-Control and Prices of Owner Occupied Housing,"
Research Papers in Economics
1997:7, Stockholm University, Department of Economics.
- Arnott, Richard & Igarashi, Masahiro, 2000.
"Rent control, mismatch costs and search efficiency,"
Regional Science and Urban Economics,
Elsevier, vol. 30(3), pages 249-288, May.
- Masahiro Igarashi & Richard Arnott, 1993. "Rent Control, Mismatch Costs And Search Efficiency," Boston College Working Papers in Economics 214, Boston College Department of Economics.
- Alston, Richard M & Kearl, J R & Vaughan, Michael B, 1992. "Is There a Consensus among Economists in the 1990's?," American Economic Review, American Economic Association, vol. 82(2), pages 203-09, May.
- Hans Lind, 2001. "Rent Regulation: A Conceptual And Comparative Analysis," European Journal of Housing Policy, Taylor and Francis Journals, vol. 1(1), pages 41-57, April.
- Ault Richard W. & Jackson John D. & Saba Richard P., 1994. "The Effect of Long-Term Rent Control on Tenant Mobility," Journal of Urban Economics, Elsevier, vol. 35(2), pages 140-158, March.
- Gyourko, Joseph & Linneman, Peter, 1990. "Rent controls and rental housing quality: A note on the effects of New York City's old controls," Journal of Urban Economics, Elsevier, vol. 27(3), pages 398-409, May.
- Hans Lind, 2001. "Rent Regulation: A Conceptual And Comparative Analysis," International Journal of Housing Policy, Taylor & Francis Journals, vol. 1(1), pages 41-57.
- Jovanovic, Boyan, 1979.
"Job Matching and the Theory of Turnover,"
Journal of Political Economy,
University of Chicago Press, vol. 87(5), pages 972-90, October.
- Gyourko, Joseph & Linneman, Peter, 1990. "Measurement problems in quantifying the distributional effects of subsidy programs," Journal of Urban Economics, Elsevier, vol. 28(1), pages 19-33, July.
- Michael Svarer & Michael Rosholm & Jacob Roland Munch, 2003.
"Rent Control and Unemployment Duration,"
CAM Working Papers
2003-07, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics.
- Svarer, Michael & Rosholm, Michael & Munch, Jakob R., 2003. "Rent Control and Unemployment Duration," IZA Discussion Papers 842, Institute for the Study of Labor (IZA).
- Svarer, Michael & Rosholm, Michael & Munch, Jacob Roland, . "Rent Control and Unemployment Duration," Economics Working Papers 2003-11, School of Economics and Management, University of Aarhus.
- Ralph Bradburd & Stephen Sheppard & Joseph Bergeron & Eric Engler, 2004.
"The Impact of Rent Controls in Non-Walrasian Markets: An Agent-Based Modeling Approach,"
Department of Economics Working Papers
2004-05, Department of Economics, Williams College, revised May 2005.
- Ralph Bradburd & Stephen Sheppard & Joseph Bergeron & Eric Engler, 2006. "The Impact Of Rent Controls In Non-Walrasian Markets: An Agent-Based Modeling Approach," Journal of Regional Science, Wiley Blackwell, vol. 46(3), pages 455-491.
- Richard J. Arnott & Elizaveta Shevyakhova, 2014. "Tenancy Rent Control and Credible Commitment in Maintenance," CESifo Working Paper Series 4608, CESifo Group Munich.
- Juan S. Mora-Sanguinetti, 2011. "The Regulation of Residential Tenancy Markets in Post-War Western Europe: An Economic Analysis," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 8(1), pages 47-75, June.
- Juan S. Mora, 2008. "The institutions of house tenancy markets in post-war Western Europe: an economic analysis," Working Papers in Economic History wp08-11, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
- Teemu Lyytikäinen & Hilber & A. L. Christian, 2013.
"Housing transfer taxes and household mobility: Distortion on the housing or labour market?,"
47, Government Institute for Economic Research Finland (VATT).
- Christian A. L. Hilber & Teemu Lyytikäinen, 2012. "The Effect of the UK Stamp Duty Land Tax on Household Mobility," SERC Discussion Papers 0115, Spatial Economics Research Centre, LSE.
- Jakob Roland Munch & Michael Rosholm & Michael Svarer, 2006.
"Home Ownership, Job Duration, and Wages,"
Economics Working Papers
2006-06, School of Economics and Management, University of Aarhus.
- Munch, Jakob R. & Rosholm, Michael & Svarer, Michael, 2006. "Home Ownership, Job Duration and Wages," IZA Discussion Papers 2110, Institute for the Study of Labor (IZA).
- Jakob Roland Munch & Michael Rosholm & Michael Svarer, 2006. "Home Ownership, Job Duration, and Wages," CAM Working Papers 2006-08, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics.
- Krol, Robert & Svorny, Shirley, 2005. "The effect of rent control on commute times," Journal of Urban Economics, Elsevier, vol. 58(3), pages 421-436, November.
- Deininger, Klaus & Jin, Songqing & Nagarajan, Hari K., 2008.
"Efficiency and equity impacts of rural land rental restrictions: Evidence from India,"
European Economic Review,
Elsevier, vol. 52(5), pages 892-918, July.
- Deininger, Klaus & Jin, Songqing & Nagarajan, Hari K., 2007. "Efficiency and equity impacts of rural land rental restrictions : evidence from India," Policy Research Working Paper Series 4324, The World Bank.
- Seko, Miki & Sumita, Kazuto, 2007. "Effects of government policies on residential mobility in Japan: Income tax deduction system and the Rental Act," Journal of Housing Economics, Elsevier, vol. 16(2), pages 167-188, June.
- Richard Arnott & Elizaveta Shevyakhova, 2007.
"Tenancy Rent Control and Credible Commitment in Maintenance,"
Boston College Working Papers in Economics
661, Boston College Department of Economics.
- Richard Arnott & Elizaveta Shevyakhova, 2008. "Tenancy Rent Control And Credible Commitment In Maintenance," Working Papers 200812, University of California at Riverside, Department of Economics, revised Sep 2008.
- Simmons-Mosley, Tammie X. & Malpezzi, Stephen, 2006. "Household mobility in New York City's regulated rental housing market," Journal of Housing Economics, Elsevier, vol. 15(1), pages 38-62, March.
- Jin, Songqing & Deininger, Klaus W. & Nagarajan, Hari K., 2006. "Equity and efficiency impacts of rural land rental restrictions: Evidence from India," 2006 Annual meeting, July 23-26, Long Beach, CA 21305, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.