Quantifying misallocation of public housing

• 成果类型: Article
• 署名作者: Buurma-Olsen, Jennifer; Kost, Hans R. A.; van Ommeren, Jos; Damste, Jort Sinninghe
• 署名单位: CPB Netherlands Bureau for Economic Policy; Vrije Universiteit Amsterdam; Tinbergen Institute; Centre for Economic Policy Research - UK
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/j.jpubeco.2024.105272
• 发表日期: 2025
• 关键词: Misallocation; Public housing; Rent control; Non-market allocation

摘要

We empirically investigate how rent control combined with the use of a non-market allocation mechanism - centralised waiting lists - affects the efficiency of housing allocation among public-housing tenants. We show that, on average, Dutch public-housing tenants consume a house whose value differs by 7.5% from what they would consume under an efficient allocation. This entails particularly large transfers in housing consumption from younger households to older households. The annual welfare loss arising from misallocation within the public-housing sector is modest, estimated at around 65 per tenant.