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Long-Term, Multicountry Perspective on Rental Market Regulations

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  • Kholodilin, Konstantin

Abstract

This study introduces a new international longitudinal database of governmental rental market regulations. The regulations are measured using binary variables based on a thorough analysis of real-time, country-specific legislation. Three major restrictive policies are considered: rent control, protection from restriction, and housing rationing. The database covers 101 countries and states between 1910 and 2020. This allows comparisons of regulation intensity across both time and space. The analysis reveals a surge in restrictive policies in the first half of the 20th century. However, following World War II, the evolution of policies diverged: whereas rent control became more flexible or was phased out, tenure security stabilized at a high level or even increased, and housing rationing became used less frequently.

Suggested Citation

  • Kholodilin, Konstantin, 2020. "Long-Term, Multicountry Perspective on Rental Market Regulations," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 30(6), pages 994-1015.
    • Handle: RePEc:zbw:espost:224902
    DOI: 10.1080/10511482.2020.1789889
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    References listed on IDEAS

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    1. Dan Andrews & Aida Caldera Sánchez & Åsa Johansson, 2011. "Housing Markets and Structural Policies in OECD Countries," OECD Economics Department Working Papers 836, OECD Publishing.
    2. Simeon Djankov & Rafael La Porta & Florencio Lopez-de-Silane & Andrei Shleifer, 2002. "Courts: the Lex Mundi Project," NBER Working Papers 8890, National Bureau of Economic Research, Inc.
    3. Abdul Abiad & Enrica Detragiache & Thierry Tressel, 2010. "A New Database of Financial Reforms," IMF Staff Papers, Palgrave Macmillan, vol. 57(2), pages 281-302, June.
    4. Brueckner, Jan K., 2011. "Lectures on Urban Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262016362, December.
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    1. Kholodilin, Konstantin A., 2024. "Rent control effects through the lens of empirical research: An almost complete review of the literature," Journal of Housing Economics, Elsevier, vol. 63(C).
    2. repec:diw:diwwpp:dp1928 is not listed on IDEAS
    3. Yun, Sungjin & Choi, Hoon, 2025. "Circumventing rent controls with tenants’ maintenance fees: Evidence from Korea," Journal of Housing Economics, Elsevier, vol. 67(C).
    4. Stefano Colonnello & Roberto Marfè & Qizhou Xiong, 2021. "Housing Yields," Working Papers 2021:21, Department of Economics, University of Venice "Ca' Foscari", revised 2021.
    5. Sónia Alves & Alda Botelho Azevedo & Luís Mendes & Katielle Silva, 2023. "Urban Regeneration, Rent Regulation and the Private Rental Sector in Portugal: A Case Study on Inner-City Lisbon’s Social Sustainability," Land, MDPI, vol. 12(8), pages 1-20, August.
    6. Michal Rubaszek & David Stenvall & Gazi Salah Uddin, 2025. "Rental market structure and housing dynamics: An interacted panel VAR investigation," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(1), pages 781-802, January.
    7. repec:diw:diwwpp:dp1999 is not listed on IDEAS
    8. repec:diw:diwwpp:dp1927 is not listed on IDEAS
    9. repec:diw:diwwpp:dp2061 is not listed on IDEAS
    10. Francisco Amaral & Martin Dohmen & Sebastian Kohl & Moritz Schularick, 2021. "Superstar Returns," SciencePo Working papers Main hal-03881493, HAL.
    11. Anja M. Hahn & Konstantin A. Kholodilin & Sofie R. Waltl & Marco Fongoni, 2024. "Forward to the Past: Short-Term Effects of the Rent Freeze in Berlin," Management Science, INFORMS, vol. 70(3), pages 1901-1923, March.
    12. Denisa Naidin & Sofie R. Waltl & Michael Ziegelmeyer, 2022. "Objectified Housing Sales and Rent Prices in Representative Household Surveys: the Impact on Macroeconomic Statistics," LISER Working Paper Series 2022-03, Luxembourg Institute of Socio-Economic Research (LISER).
    13. repec:diw:diwwpp:dp1997 is not listed on IDEAS
    14. Konstantin A. Kholodilin, 2024. "Rent Control from Ancient Rome to Paris Commune: The Factors Behind Its Introduction," Discussion Papers of DIW Berlin 2094, DIW Berlin, German Institute for Economic Research.
    15. Kholodilin, Konstantin A. & Kohl, Sebastian & Müller, Florian, 2022. "The rise and fall of social housing? Housing decommodification in long-run perspective," MPIfG Discussion Paper 22/3, Max Planck Institute for the Study of Societies.
    16. Kristyna Ters & Konstantin A. Kholodilin, 2025. "Restrictive Rental Policies and a Tough Trade Off: Lower Rents vs. Less Construction in Geneva," Discussion Papers of DIW Berlin 2143, DIW Berlin, German Institute for Economic Research.
    17. Luís Mendes, 2022. "The Dysfunctional Rental Market in Portugal: A Policy Review," Land, MDPI, vol. 11(4), pages 1-17, April.
    18. repec:diw:diwwpp:dp2008 is not listed on IDEAS

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