Rent control and tenancy duration

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This paper investigates how rent control affects mobility in the Danish housing market. We apply a proportional hazard duration model, that encompasses both the presence of left truncated tenancy durations, right censored observations and allows for a very flexible specification of the time dependency of the hazard rate. Tenancy mobility is severely reduced by rent control. For a typical household in the private rental sector tenancy duration is found to be more than six years longer if the apartment belongs to the 10% most regulated units than if it belongs to the 10% least regulated units.
Original languageEnglish
JournalJournal of Urban Economics
Volume52
Issue number3
Pages (from-to)542-560
Number of pages19
ISSN0094-1190
DOIs
Publication statusPublished - 2002
Externally publishedYes

ID: 17520037