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Rent Control in the Philippines: An Update

Author

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  • Ballesteros, Marife M.
  • Magtibay, Jasmine E.
  • Ramos, Tatum

Abstract

Rent control was introduced in the Philippines in 1971 to stabilize the prices of basic commodities during periods of calamities and macroeconomic instability. It has been adopted in succeeding years despite the country’s exit from the highly inflationary environment. Rent control-related policies, however, have had adverse impacts on the rental market. Consequently, the Philippine government has made changes to the original rent control setup; there was a move from the first to the second generation rent control. This study specifically determines whether second generation rent control is indeed free of the adverse impacts of its predecessor. It uses the 2014 Annual Poverty Indicators Survey to have an estimation of the net benefit of tenants under rent control.

Suggested Citation

  • Ballesteros, Marife M. & Magtibay, Jasmine E. & Ramos, Tatum, 2016. "Rent Control in the Philippines: An Update," Discussion Papers DP 2016-40, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_2016-40
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    File URL: https://www.pids.gov.ph/publication/discussion-papers/rent-control-in-the-philippines-an-update
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    References listed on IDEAS

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    8. 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.
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    Cited by:

    1. Konstantin A. Kholodilin, 2018. "Measuring Stick-Style Housing Policies: a Multi-Country Longitudinal Database of Governmental Regulations," Discussion Papers of DIW Berlin 1727, DIW Berlin, German Institute for Economic Research.

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    More about this item

    Keywords

    Philippines; second generation rent control; rental market; Annual Poverty Indicators Survey; rent control;
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