Rent Control, Rental Housing Supply, and the Distribution of Tenant Benefits
Posted: 19 Feb 2001
This paper estimates the net benefits of rent control to tenants in New York City. Although other studies have measured these benefits, all assume that the price per unit of rental housing service in the uncontrolled sector is unaffected by the existence of rent controls. That assumption is relaxed in this study. The results suggest that, controlling for higher prices in the uncontrolled sector, the average benefit to tenants in regulated units is negative. This implies that, on average, tenants in rent regulated units would be better off if these controls had never been established.
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