Monràs, JoanGarcia Montalvo, JoséUniversitat Pompeu Fabra. Departament d'Economia i Empresa2024-11-142024-11-142021-12-01http://hdl.handle.net/10230/68645Catalonia 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.application/pdfengL'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative CommonsThe effect of second generation rent controls: New evidence from Catalonia<resourceType xmlns="http://datacite.org/schema/kernel-3" resourceTypeGeneral="Other">info:eu-repo/semantics/workingPaper</resourceType><subject xmlns="http://datacite.org/schema/kernel-3" subjectScheme="keyword">rent control</subject><subject xmlns="http://datacite.org/schema/kernel-3" subjectScheme="keyword">reference price</subject><subject xmlns="http://datacite.org/schema/kernel-3" subjectScheme="keyword">housing supply</subject><subject xmlns="http://datacite.org/schema/kernel-3" subjectScheme="keyword">event study</subject><subject xmlns="http://datacite.org/schema/kernel-3" subjectScheme="keyword">Statistics, Econometrics and Quantitative Methods</subject><rights xmlns="http://datacite.org/schema/kernel-3">info:eu-repo/semantics/openAccess</rights>