Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212338 
Year of Publication: 
2015
Series/Report no.: 
Bank of Finland Research Discussion Papers No. 30/2015
Publisher: 
Bank of Finland, Helsinki
Abstract: 
​This paper studies how much public housing generates rent savings for the tenants, how these savings are distributed among the tenants, and whether the tenants reside in better quality neighborhoods than similar low-income private rental tenants. Our rent savings estimates are based on a hedonic regression and detailed data on the private and public rental housing units from the city of Helsinki. We estimate that the total subsidy to public housing tenants is considerable and comparable in size to the housing allowance, the main tenant-based housing program. We also find that the subsidy is less targeted towards low-income households than the housing allowance. Regarding neighborhood quality, we find that public housing tenants live in lower quality neighborhoods than similar households living in private rental housing. This result suggests that public housing is not better than the housing allowance in delivering better neighborhood quality to low-income households.
JEL: 
H22
R21
R23
Persistent Identifier of the first edition: 
ISBN: 
978-952-323-082-8
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.