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作者

来源

来源 JOURNAL OF URBAN ECONOMICS,Vol.53,P.542-560

语言

英文

关键字

C41;D45;L51;R31;Rent control;Mobility;Duration model

作者单位

Danish Economic Council, Adelgade 13, DK-1304 Copenhagen, Denmark"}]},{"#name":"affiliation","$":{"id":"AFF002;University of Aarhus, Department of Economics, Building 320, DK-8000 Aarhus C, Denmark"}]},{"#name":"correspondence","$":{"id":"COR001;Danish Economic Council, Adelgade 13, DK-1304 Copenhagen, Denmark"}]},"AFF002":{"#name":"affiliation","$":{"id":"AFF002;University of Aarhus, Department of Economics, Building 320, DK-8000 Aarhus C, Denmark"}]}},"correspondences":{"COR001":{"#name":"correspondence","$":{"id":"COR001

摘要

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.