Misallocation and rent control

dc.contributorAalto Universityen
dc.contributorAalto-yliopistofi
dc.contributor.advisorSaarimaa, Tuukka
dc.contributor.authorRinne, Simo
dc.contributor.departmentTaloustieteen laitosfi
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2024-05-19T16:11:59Z
dc.date.available2024-05-19T16:11:59Z
dc.date.issued2024
dc.description.abstractThis master’s thesis examines the effects of rent control on the allocation of rental housing. In a perfectly efficient allocation, dwellings would be allotted to the households with the highest willingness to pay for the specific dwelling. Rent control may distort this by, on one hand, causing households with a lower will-ingness to pay to demand dwellings valued higher by others, and on the other hand, requiring matching to be dictated by extra-market mechanisms likely less efficient than price-based bargaining. An empirical analysis of tenants moving from rent controlled housing to unregulated housing, based on Finnish registry data finds that on average individuals consume more floor area and live further away from municipal centers under rent control. The effects appear stronger for smaller households. However, strong untestable identifying assumptions are required, and while the effects persist across different specifications, no strict causal conclusion can be drawn. (JEL R20, R38, D12, D61)en
dc.format.extent56+1
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/127860
dc.identifier.urnURN:NBN:fi:aalto-202405193468
dc.language.isoenen
dc.locationP1 Ifi
dc.programmeEconomicsen
dc.subject.keywordvuokra-asunnoten
dc.subject.keywordvuokrasääntelyen
dc.subject.keywordasuntojen kohdentuminenen
dc.subject.keywordvuokra-asuntomarkkinaten
dc.titleMisallocation and rent controlen
dc.titleVuokrasääntely ja vuokra-asuntojen kohdentuminenfi
dc.typeG2 Pro gradu, diplomityöfi
dc.type.ontasotMaster's thesisen
dc.type.ontasotMaisterin opinnäytefi
local.aalto.electroniconlyyes
local.aalto.openaccessyes
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The folder contains a surface-level description of the confidential data and the do-files required to reproduce the analyses and figures in the theses. The data are confidential, but accessible through Statistics Finland. More information can be found in the included readme text-file.