The effect of second generation rent controls: New evidence from Catalonia
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- dc.contributor.author Monràs, Joan
- dc.contributor.author Garcia Montalvo, José
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2024-11-14T10:09:55Z
- dc.date.available 2024-11-14T10:09:55Z
- dc.date.issued 2021-12-01
- dc.date.modified 2024-11-14T10:08:36Z
- dc.description.abstract Catalonia enacted a second-generation rental cap policy in late September 2020. The policy affected some municipalities but not others, and within those, only the units above a certain reference price. Using micro-data on rental units, we analyze the effect of the policy on both rental prices and rental supply. We find that the policy led to a reduction in rental prices of around 5 percent. Half of this price decline is due to changes in the composition of units available in the market, particularly in larger municipalities. The policy also led to a decline in the amount of rental units available in the market. Using variation from the policy change, we compute a rental housing supply elasticity of around 4.
- dc.format.mimetype application/pdf*
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1836
- dc.identifier.citation
- dc.identifier.uri http://hdl.handle.net/10230/68645
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 1836
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword rent control
- dc.subject.keyword reference price
- dc.subject.keyword housing supply
- dc.subject.keyword event study
- dc.subject.keyword Statistics, Econometrics and Quantitative Methods
- dc.title The effect of second generation rent controls: New evidence from Catalonia
- dc.title.alternative
- dc.type info:eu-repo/semantics/workingPaper