全球智库信息集成服务系统(G2TT): Waiting for Affordable Housing in New York City

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w26015
来源ID	Working Paper 26015
	Waiting for Affordable Housing in New York City
	Holger Sieg; Chamna Yoon
发表日期	2019-07-01
出版年	2019
语种	英语
摘要	We develop a new dynamic equilibrium model with heterogeneous households that captures the most important frictions that arise in housing rental markets and explains the political popularity of affordable housing policies. We estimate the model using data collected by the New York Housing Vacancy Survey in 2011. We find that there are significant adjustment costs in all markets as well as serious search frictions in the market for affordable housing. Moreover, there are large queuing frictions in the market for public housing. Having access to rent-stabilized housing increases household welfare by up to $65,000. Increasing the supply of affordable housing by ten percent significantly improves the welfare of all renters in the city. Progressive taxation of higher-income households that live in public housing can also be welfare improving.
主题	Microeconomics ; Market Structure and Distribution ; General Equilibrium ; Public Economics ; Subnational Fiscal Issues ; Regional and Urban Economics ; Real Estate
URL	https://www.nber.org/papers/w26015
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/583688
推荐引用方式 GB/T 7714	Holger Sieg,Chamna Yoon. Waiting for Affordable Housing in New York City. 2019.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w26015.pdf（397KB）	智库出版物		限制开放	CC BY-NC-SA	浏览