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  Rent Price Control – Yet Another Great Equalizer of Economic Inequalities? Evidence from a Century of Historical Data

Kholodilin, K. A., & Kohl, S. (2023). Rent Price Control – Yet Another Great Equalizer of Economic Inequalities? Evidence from a Century of Historical Data. Journal of European Social Policy, 33(2), 169-184. doi:10.1177/09589287221150179.

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JESP_33_2023_Kohl.pdf (beliebiger Volltext), 2MB
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https://doi.org/10.1177/09589287221150179 (Verlagsversion)
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 Urheber:
Kholodilin, Konstantin A.1, 2, Autor
Kohl, Sebastian3, 4, Autor                 
Affiliations:
1Deutsches Institut für Wirtschaftsforschung, Berlin, Germany, ou_persistent22              
2Higher School of Economics, St. Petersburg, Russia, ou_persistent22              
3Wirtschaftssoziologie, MPI for the Study of Societies, Max Planck Society, ou_3363022              
4Freie Universität Berlin, Germany, ou_persistent22              

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Schlagwörter: economic inequality, inequality, stratification, rent control
 Zusammenfassung: The long-run U-shaped patterns of economic inequality are standardly explained by basic economic trends (Piketty’s r > g), taxation policies or ‘great levellers’ such as catastrophes. This article argues that housing policy, and particularly rent control, is a neglected explanatory factor in understanding macro inequality. We hypothesize that rent control could decrease overall housing wealth, lower incomes of generally richer landlords and increase disposable incomes of generally poorer tenants. Using original long-run data for up to 16 countries (1900–2016), we show that rent controls lowered wealth-to-income ratios, top income shares, Gini coefficients, rents and rental expenditure. Overall, rent controls need to be strict in order to have tangible effects, and only the stricter historical rent controls did significantly reduce inequalities. The study argues that housing policies should generally receive more attention in understanding economic inequalities.

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Sprache(n): eng - English
 Datum: 2023-01-312023
 Publikationsstatus: Erschienen
 Seiten: -
 Ort, Verlag, Ausgabe: -
 Inhaltsverzeichnis: Introduction
Rent control and inequality in the historical long run
Discussion and conclusion
Declaration of conflicting interests
Funding
ORCID iD
Footnotes
References
Supplementary material
 Art der Begutachtung: Expertenbegutachtung
 Identifikatoren: DOI: 10.1177/09589287221150179
 Art des Abschluß: -

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Titel: Journal of European Social Policy
Genre der Quelle: Zeitschrift
 Urheber:
Affiliations:
Ort, Verlag, Ausgabe: -
Seiten: - Band / Heft: 33 (2) Artikelnummer: - Start- / Endseite: 169 - 184 Identifikator: ISSN: 0958-9287
ISSN: 1461-7269