Replication data for: Spatial Misallocation and Rent Controls

Name: Replication data for: Spatial Misallocation and Rent Controls
Published: 2019-05-01
License: This work is licensed under an Other license created by the data depositor. Please refer to the LICENSE file, which should be located alongside the project data and documentation.
Keywords: Real Estate

Principal Investigator(s): View help for Principal Investigator(s) Guillaume Chapelle; Etienne Wasmer; Pierre-Henri Bono

Version: View help for Version V1

Name	File Type	Size	Last Modified
P2019_1024_data			10/26/2021 09:44:AM
LICENSE.txt	text/plain	14.6 KB	10/12/2019 09:33:PM

Project Citation:

Chapelle, Guillaume, Wasmer, Etienne, and Bono, Pierre-Henri. Replication data for: Spatial Misallocation and Rent Controls. Nashville, TN: American Economic Association [publisher], 2019. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114510V1

Project Description

Summary: In many global cities the rental housing market is partially regulated. We document that the Paris housing market is dual: a flexible rent sector coexists with a large controlled rent sector. The two sectors have very different rent gradients towards the center of the agglomeration. We develop a model explicitly accounting for these features which allows to investigate general equilibrium effects of rent controls at the city level. In this framework the coexistence of a controlled and flexible rent sector increases the spatial misallocation of households. This mismatch can generally be alleviated by an improvement in urban transport infrastructures.

Scope of Project

Subject Terms: Real Estate

JEL Classification:
      R11 Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
      R12 Size and Spatial Distributions of Regional Economic Activity
      R13 General Equilibrium and Welfare Economic Analysis of Regional Economies
      R21 Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand
      R31 Housing Supply and Markets
      R38 Production Analysis and Firm Location: Government Policy

Geographic Coverage: Paris, France

Time Period(s): 2016 – 2016

Data Type(s): census/enumeration data; observational data; program source code

Methodology

Data Source: 1/ Chapelle, G., Wasmer, E., & Bono, P. H. (2020). An urban labor market with frictional housing markets: theory and an application to the Paris urban area. Journal of Economic Geography. 2/ INSEE, Recensement de la Population Francaise (RP), 2016 3/ Web Scraping 4/Cote Callon 5/RPLS 6/ BASE D'INFORMATIONS ECONOMIQUES NOTARIALES (BIEN)

Unit(s) of Observation: Municipalities,

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Published Versions

V1 [2019-10-13]

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