Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/191634
Authors: 
Kholodilin, Konstantin A.
Kohl, Sebastian
Prozorova, Yulia
Licheron, Julien
Year of Publication: 
2019
Series/Report no.: 
DIW Discussion Papers 1778
Abstract: 
In the shadow of homeownership and public housing, social policy through the regulation of private rental markets is a neglected and underestimated field of social policy. This paper, therefore, presents unique new data on the development of private tenancy legislation through the binary coding of rent control, the protection of tenants from eviction, and rental housing rationing laws across more than 25 countries and 100 years. This long-run perspective reveals the dynamic effects of rent control on the rise of homeownership as the dominant tenure during the 20th century. We find that both rent regulation and rationing legislation effectively increased homeownership, but only up to a certain threshold. We suggest that the short-term lure of an inexpensive social policy for tenants has led to the long-term marginalization of rental markets in many countries.
Subjects: 
homeownership
rent control
tenure security
housing rationing
dynamic panel data model
JEL: 
C23
O18
R38
Document Type: 
Working Paper
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