Скачать с ютуб Evaluating rent control and housing regulations, by Konstantin A Kholodilin (LSE Hayek Programme) в хорошем качестве

Evaluating rent control and housing regulations, by Konstantin A Kholodilin (LSE Hayek Programme)

Rent control is a highly debated social policy with a long history that has been omnipresent since World War I. Since the 2010s, it is experiencing a true renaissance, for many cities and countries worldwide facing chronic housing shortages are desperately looking for solutions, directing their attention to controling housing rents and other restrictive policies. Is rent control useful or does it create more damage than utility? To answer this question, we need to identify the effects of rent control. This presentation reviews a large empirical literature investigating the impact of rent controls on various socioeconomic and demographic aspects. Rent control appears to be quite effective in terms of slowing the growth of rents paid for dwellings subject to control. However, this policy also leads to a wide range of adverse effects affecting the whole society. In particular, it reduces the construction, leads to a lower quality of housing, and increases rents paid for uncontrolled dwellings. Moreover, in the longer run, it leads to higher homeownership, thus, undermining the rental sector and reducing the number of tenants who rent control is supposed to protect. Therefore, before embarking on such regulations, the government should carefully weigh all the options. The abovementioned findings are documented in this recently published paper in the Journal of Housing Economics: https://www.sciencedirect.com/science... Dr Konstantin A. Kholodilin is a senior researcher at the DIW Berlin (Germany). He specializes mainly in the following fields: real-estate economy, spatial econometrics, and time series analysis of the business cycles. Find out more about the event: https://sticerd.lse.ac.uk/_new/events...