Rent control and tenancy duration

Jakob Roland Munch; Michael Svarer

doi:10.1016/S0094-1190(02)00502-8

Rent control and tenancy duration

34 Citations (Scopus)

Abstract

This paper investigates how rent control affects mobility in the Danish housing market. We apply a proportional hazard duration model, that encompasses both the presence of left truncated tenancy durations, right censored observations and allows for a very flexible specification of the time dependency of the hazard rate. Tenancy mobility is severely reduced by rent control. For a typical household in the private rental sector tenancy duration is found to be more than six years longer if the apartment belongs to the 10% most regulated units than if it belongs to the 10% least regulated units.

Original language	English
Journal	Journal of Urban Economics
Volume	52
Issue number	3
Pages (from-to)	542-560
Number of pages	19
ISSN	0094-1190
DOIs	https://doi.org/10.1016/S0094-1190(02)00502-8
Publication status	Published - 2002
Externally published	Yes

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10.1016/S0094-1190(02)00502-8

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title = "Rent control and tenancy duration",

abstract = "This paper investigates how rent control affects mobility in the Danish housing market. We apply a proportional hazard duration model, that encompasses both the presence of left truncated tenancy durations, right censored observations and allows for a very flexible specification of the time dependency of the hazard rate. Tenancy mobility is severely reduced by rent control. For a typical household in the private rental sector tenancy duration is found to be more than six years longer if the apartment belongs to the 10% most regulated units than if it belongs to the 10% least regulated units.",

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AB - This paper investigates how rent control affects mobility in the Danish housing market. We apply a proportional hazard duration model, that encompasses both the presence of left truncated tenancy durations, right censored observations and allows for a very flexible specification of the time dependency of the hazard rate. Tenancy mobility is severely reduced by rent control. For a typical household in the private rental sector tenancy duration is found to be more than six years longer if the apartment belongs to the 10% most regulated units than if it belongs to the 10% least regulated units.

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DO - 10.1016/S0094-1190(02)00502-8

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Rent control and tenancy duration

Abstract

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