| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w30083 |
| 来源ID | Working Paper 30083 |
| Robbing Peter to Pay Paul? The Redistribution of Wealth Caused by Rent Control | |
| Kenneth R. Ahern; Marco Giacoletti | |
| 发表日期 | 2022-05-30 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We use the price effects caused by the passage of rent control in St. Paul, Minnesota in 2021, to study the transfer of wealth across income groups. First, we find that rent control caused property values to fall by 6-7%, for an aggregate loss of $1.6 billion. A calibrated model of house prices under rent control attributes a third of these losses to indirect, negative externalities. Second, leveraging administrative parcel-level data, we find that the tenants who gained the most from rent control had higher incomes and were more likely to be white, while the owners who lost the most had lower incomes and were more likely to be minorities. For properties with high-income owners and low-income tenants, the transfer of wealth was close to zero. Thus, to the extent that rent control is intended to transfer wealth from high-income to low-income households, the realized impact of the law was the opposite of its intention. |
| 主题 | Microeconomics ; Welfare and Collective Choice ; Financial Economics ; Public Economics ; Taxation ; Regional and Urban Economics ; Real Estate |
| URL | https://www.nber.org/papers/w30083 |
| 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/587757 |
| 推荐引用方式 GB/T 7714 | Kenneth R. Ahern,Marco Giacoletti. Robbing Peter to Pay Paul? The Redistribution of Wealth Caused by Rent Control. 2022. |
| 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 | ||
| w30083.pdf（508KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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。
