The Cost-Effectiveness of Alternative Methods of Delivering Housing Subsidies
AbstractThe empirical literature is unanimous in finding that tenant-based housing certificates and vouchers provide housing of any quality at a much lower total cost (that is, cost to all levels of government and tenants) than the types of project-based assistance studied, namely Public Housing, Section 236, and Section 8 New Construction and Substantial Rehab. However, these studies are so old and inaccessible that they are unknown to most people involved in current discussions of housing policy. This paper discusses the theoretical reasons to expect that these types of project-based housing programs will have excessive costs, presents a conceptually correct methodology for the cost-effectiveness analysis of housing programs, and provides a description and critical appraisal of the data and methods used in these earlier studies as well as a summary of their results. It concludes that cost-effectiveness analyses of current forms of projectbased housing assistance should be the highest priority for research on housing policy.
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.
Bibliographic InfoPaper provided by University of Virginia, Department of Economics in its series Virginia Economics Online Papers with number 351.
Length: 33 pages
Date of creation: Dec 2000
Date of revision:
Contact details of provider:
Web page: http://www.virginia.edu/economics/home.html
Housing assistance; housing programs; housing subsidies; cost-effectiveness;
Find related papers by JEL classification:
- H5 - Public Economics - - National Government Expenditures and Related Policies
- I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
- R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location
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.:
- Mayo, Stephen K., 1986. "Sources of inefficiency in subsidized housing programs: A comparison of U.S. and German experience," Journal of Urban Economics, Elsevier, vol. 20(2), pages 229-249, September.
- Olsen, Edgar O. & Barton, David M., 1983. "The benefits and costs of public housing in New York City," Journal of Public Economics, Elsevier, vol. 20(3), pages 299-332, April.
- Edgar O. Olsen & Dirk W. Early, 2001.
"Subsidized Housing, Emergency Shelters, and Homelessness: An Empirical Investigation Using Data from the 1990 Census,"
Virginia Economics Online Papers
352, University of Virginia, Department of Economics.
- Early Dirk W. & Olsen Edgar O., 2002. "Subsidized Housing, Emergency Shelters, and Homelessness: An Empirical Investigation Using Data from the 1990 Census," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 2(1), pages 1-36, August.
- Denise DiPasquale & Dennis Fricke & Daniel Garcia-Diez, 2003. "Comparing the costs of federal housing assistance programs," Economic Policy Review, Federal Reserve Bank of New York, issue Jun, pages 147-166.
- Todd Sinai & Joel Waldfogel, 2002.
"Do Low-Income Housing Subsidies Increase Housing Consumption?,"
NBER Working Papers
8709, National Bureau of Economic Research, Inc.
- Todd Sinai & Joel Waldfogel, . "Do Low Income Housing Subsidies Increase Housing Consumption?," Zell/Lurie Center Working Papers 394, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania.
- Edgar O. Olsen, 2003.
"Housing Programs for Low-Income Households,"
in: Means-Tested Transfer Programs in the United States, pages 365-442
National Bureau of Economic Research, Inc.
- Jeffrey R Kling & Jeffrey B Liebman & Lawrence F Katz, 2007.
"Experimental Analysis of Neighborhood Effects,"
Econometric Society, vol. 75(1), pages 83-119, 01.
- Crews Cutts, Amy & Olsen, Edgar O., 2002.
"Are Section 8 housing subsidies too high?,"
Journal of Housing Economics,
Elsevier, vol. 11(3), pages 214-243, September.
- Sinai, Todd & Waldfogel, Joel, 2005. "Do low-income housing subsidies increase the occupied housing stock?," Journal of Public Economics, Elsevier, vol. 89(11-12), pages 2137-2164, December.
- Matthew Klesta & Frank Manzo & Francisca G-C Richter & Mark S Sniderman, 2013. "Low-income-rental-housing programs in the Fourth District," Working Paper 1311, Federal Reserve Bank of Cleveland.
- King, Jeffrey & Liebman, Jeffrey & Katz, Lawrence & Sanbonmatsu, Lisa, 2004.
"Moving to Opportunity and Tranquility: Neighborhood Effects on Adult Economic Self-Sufficiency and Health from a Randomized Housing Voucher Experiment,"
Working Paper Series
rwp04-035, Harvard University, John F. Kennedy School of Government.
- Jeffrey R. Kling & Jeffrey B. Liebman & Lawrence F. Katz & Lisa Sanbonmatsu, 2004. "Moving To Opportunity And Tranquility: Neighborhood Effects On Adult Economic Self-Sufficiency And Health From A Randomized Housing Voucher Experiment," Working Papers 247, Princeton University, Woodrow Wilson School of Public and International Affairs, Center for Health and Wellbeing..
- Kling, Jeffrey & Liebman, Jeffrey, 2004.
"Experimental Analysis of Neighborhood Effects on Youth,"
Working Paper Series
rwp04-034, Harvard University, John F. Kennedy School of Government.
- Jeffrey R. Kling & Jeffrey B. Liebman, 2005. "Experimental Analysis Of Neighborhood Effects On Youth," Working Papers 249, Princeton University, Woodrow Wilson School of Public and International Affairs, Center for Health and Wellbeing..
- Ludwig, Jens & Duncan, Greg J. & Pinkston, Joshua C., 2005. "Housing mobility programs and economic self-sufficiency: Evidence from a randomized experiment," Journal of Public Economics, Elsevier, vol. 89(1), pages 131-156, January.
- Anthony Yanxiang Gu & Joseph W. Trefzger, 2003. "Mortgage Payment as a Portion of Income: A Better Solution," International Real Estate Review, Asian Real Estate Society, vol. 6(1), pages 121-135.
- Luis Marcano & Inder J. Ruprah, 2008. "An Impact Evaluation of Chile’s Progressive Housing Program," OVE Working Papers 0608, Inter-American Development Bank, Office of Evaluation and Oversight (OVE).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Debby Stanford).
If references are entirely missing, you can add them using this form.