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Rent Control: Do Economists Agree?

Author

Listed:
  • Blair Jenkins

Abstract

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 Association’s electronic bibliography, EconLit, under the subject search “Rent Control,†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.

Suggested Citation

  • Blair Jenkins, 2009. "Rent Control: Do Economists Agree?," Econ Journal Watch, Econ Journal Watch, vol. 6(1), pages 73-112, January.
  • Handle: RePEc:ejw:journl:v:6:y:2009:i:1:p:73-112
    as

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    References listed on IDEAS

    as
    1. Anonymous, 0. "Economic Development And Aid," Increasing Understanding of Public Problems and Policies, Farm Foundation.
    2. Franz Hubert, 1993. "The Impact of Rent Control on Rents in the Free Sector," Urban Studies, Urban Studies Journal Limited, vol. 30(1), pages 51-61, February.
    3. Arnott, Richard & Shevyakhova, Elizaveta, 2014. "Tenancy rent control and credible commitment in maintenance," Regional Science and Urban Economics, Elsevier, vol. 47(C), pages 72-85.
    4. Basu, Kaushik & Emerson, Patrick M, 2000. "The Economics of Tenancy Rent Control," Economic Journal, Royal Economic Society, vol. 110(466), pages 939-962, October.
    5. 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.
    6. Heffley, Dennis, 1998. "Landlords, tenants and the public sector in a spatial equilibrium model of rent control," Regional Science and Urban Economics, Elsevier, vol. 28(6), pages 745-772, November.
    7. 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.
    8. Richard Arnott, 1995. "Time for Revisionism on Rent Control?," Journal of Economic Perspectives, American Economic Association, vol. 9(1), pages 99-120, Winter.
    9. Robert P. Albon & David C. Stafford, 1990. "Rent Control and Housing Maintenance," Urban Studies, Urban Studies Journal Limited, vol. 27(2), pages 233-240, April.
    10. repec:tep:teppwp:wp1215 is not listed on IDEAS
    11. 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 203-209, May.
    12. Hardman, Anna M & Ioannides, Yannis M, 1999. " Residential Mobility and the Housing Market in a Two-Sector Neoclassical Growth Model," Scandinavian Journal of Economics, Wiley Blackwell, vol. 101(2), pages 315-335, June.
    13. Anonymous, 0. "Economic Growth Through Regional Associations," Increasing Understanding of Public Problems and Policies, Farm Foundation.
    14. Grimes, Paul W. & Chressanthis, George A., 1997. "Assessing the Effect of Rent Control on Homelessness," Journal of Urban Economics, Elsevier, vol. 41(1), pages 23-37, January.
    15. Anonymous & Dagher, Magid & Jones, Dewitt & Jones, Hezekiah & Samuel, Vin G., 0. "Outstanding Black Agricultural Economists," COSBAE Brochures, Agricultural and Applied Economics Association, Committee on the Opportunities and Status of Blacks in Agricultural Economics (COSBAE).
    16. Shirley Svorny, 2004. "Licensing Doctors: Do Economists Agree?," Econ Journal Watch, Econ Journal Watch, vol. 1(2), pages 279-305, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Rent Control Bomb Set Off in New York City by De Blasio Rent Guidelines Board
      by Ronald Bailey in Hit & Run blog on 2015-06-30 23:47:00

    Citations

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    Cited by:

    1. Konstantin A. Kholodilin & Julien Licheron, 2017. "Macroeconomic Effects of Rental Housing Regulations: The Case of Germany in 1950-2015," Discussion Papers of DIW Berlin 1649, DIW Berlin, German Institute for Economic Research.
    2. repec:kap:ejlwec:v:45:y:2018:i:2:d:10.1007_s10657-017-9563-6 is not listed on IDEAS
    3. João Miguel Ejarque & Joachim Borg Kristensen, 2013. "Rent Control and the Housing Expenditure Share," CAM Working Papers 2013-01, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics.

    More about this item

    Keywords

    Rent control; maintenance; housing availability; price ceiling; price control; vacancy allowance;

    JEL classification:

    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

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