| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w19604
|
| 来源ID | Working Paper 19604
|
| The Home Front: Rent Control and the Rapid Wartime Increase in Home Ownership |
| Daniel K. Fetter
|
| 发表日期 | 2013-10-31
|
| 出版年 | 2013
|
| 语种 | 英语
|
| 摘要 | The US home ownership rate rose by 10 percentage points between 1940 and 1945, about half the size of the net change over the 20th century, despite severe restrictions on construction during World War II. I present evidence that wartime rent control played an important role in this shift. The empirical test exploits features of the central authority's method of imposing rent control, which generated variation in the frozen level of rents for cities that had seen similar increases in rents prior to control. Greater rent reductions at the onset of rent control were associated with greater increases in home ownership over the first half of the 1940s. This relationship is not driven by differential trends in housing demand or other unobserved factors potentially correlated with variation in rent reductions. The results imply that if maximum rents had been set at their peak pre-control level rather than at a lower level, the increase in home ownership would have been 10 percent smaller. Combined with new data showing rapid house price appreciation during the war, this result suggests that 10 percent is a lower bound on the share of the "wartime" increase in home ownership that rent control can explain. |
| 主题 | History
; Other History
; Regional and Urban Economics
; Real Estate
|
| URL | https://www.nber.org/papers/w19604
|
| 来源智库 | National Bureau of Economic Research (United States)
|
| 引用统计 |
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577278
|
推荐引用方式
GB/T 7714 |
Daniel K. Fetter. The Home Front: Rent Control and the Rapid Wartime Increase in Home Ownership. 2013.
|
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
