Rent control and tenancy duration
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Rent control and tenancy duration. / Munch, Jakob Roland; Svarer, Michael.
I: Journal of Urban Economics, Bind 52, Nr. 3, 2002, s. 542-560.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Rent control and tenancy duration
AU - Munch, Jakob Roland
AU - Svarer, Michael
N1 - JEL classification: C41, D45, L51, R31
PY - 2002
Y1 - 2002
N2 - This paper investigates how rent control affects mobility in the Danish housing market. 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 of the hazard rate. Tenancy mobility is severely reduced by rent control. For a typical household in the private rental sector tenancy duration is found to be more than six years longer if the apartment belongs to the 10% most regulated units than if it belongs to the 10% least regulated units.
AB - This paper investigates how rent control affects mobility in the Danish housing market. 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 of the hazard rate. Tenancy mobility is severely reduced by rent control. For a typical household in the private rental sector tenancy duration is found to be more than six years longer if the apartment belongs to the 10% most regulated units than if it belongs to the 10% least regulated units.
U2 - 10.1016/S0094-1190(02)00502-8
DO - 10.1016/S0094-1190(02)00502-8
M3 - Journal article
VL - 52
SP - 542
EP - 560
JO - Journal of Urban Economics
JF - Journal of Urban Economics
SN - 0094-1190
IS - 3
ER -
ID: 17520037