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Title:Public housing units vs. housing vouchers: accessibility, local public goods, and welfare PDF Logo
Authors:Sarpça, Sinan
Leung, Charles Ka Yui
Yilmaz, Kuzey
Issue Date:2010
Series/Report no.:TÜSİAD-Koç University Economic Research Forum working paper series 1032
Abstract:A perennial debate worldwide over housing aid policy focuses on whether the government should provide housing vouchers or subsidized public housing units. To complement the empirically- dominated literature, this paper builds a general equilibrium model that merges urban land use (monocentric city) and Tiebout frameworks. In our model, public housing units or housing vouchers are rationed and some lower-income people have to compete with those with higher incomes in the private rental market. We discuss how location of public housing units is an essential policy variable in addition to the numbers and sizes of units, and argue why housing vouchers may be preferable to public housing.
Subjects:public housing
housing vouchers
housing policy
residential location choice
local public goods
endogenous sorting
Document Type:Working Paper
Appears in Collections:Working Paper Series, Koç University - TÜSİAD Economic Research Forum

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