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作者

Cristina Bratu;Oskari Harjunen;Tuukka Saarimaa

来源

来源 JOURNAL OF URBAN ECONOMICS,Vol.133,P.

语言

英文

关键字

Housing supply;Housing affordability;Filtering;R31;R21;R23

作者单位

VATT Institute for Economic Research, Arkadiankatu 7, Helsinki 00100, Finland;Aalto University School of Engineering and VATT Institute for Economic Research, Otakaari 4, Espoo FI-02150, Finland;Aalto University School of Business and School of Engineering and Helsinki GSE, Ekonominaukio 1, Espoo FI-02150, Finland;VATT Institute for Economic Research, Arkadiankatu 7, Helsinki 00100, Finland;Aalto University School of Engineering and VATT Institute for Economic Research, Otakaari 4, Espoo FI-02150, Finland;Aalto University School of Business and School of Engineering and Helsinki GSE, Ekonominaukio 1, Espoo FI-02150, Finland

摘要

We study the city-wide effects of new, centrally-located market-rate housing supply using geo-coded population-wide register data from the Helsinki Metropolitan Area. The supply of new market rate units triggers moving chains that quickly reach middle- and low-income neighborhoods and individuals. Thus, new market-rate construction loosens the housing market in middle- and low-income areas even in the short run. Market-rate supply is likely to improve affordability outside the sub-markets where new construction occurs and to benefit low-income people.