How Do Changes in Housing Voucher Design Affect Rent and Neighborhood Quality?
- (pp. 62-89)
AbstractUS housing voucher holders pay their landlord a fraction of household income and the government pays the rest, up to a rent ceiling. We study how two types of changes to the rent ceiling affect landlords and tenants. A policy that makes vouchers more generous across a metro area benefits landlords through increased rents, with minimal impact on neighborhood and unit quality. A second policy that indexes rent ceilings to neighborhood rents leads voucher holders to move into higher quality neighborhoods with lower crime, poverty, and unemployment.
Citation2018. "How Do Changes in Housing Voucher Design Affect Rent and Neighborhood Quality?" American Economic Journal: Economic Policy, 10 (2): 62-89. DOI: 10.1257/pol.20150176
- I38 Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs
- R23 Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics
- R31 Housing Supply and Markets
- R38 Production Analysis and Firm Location: Government Policy