{"title":"Hidden Income: An Analysis of Tenant Benefits in Subsidized Housing in Austria","authors":"Jan Kluge, Dénes Kucsera, Hanno Lorenz","doi":"10.1111/kykl.12464","DOIUrl":null,"url":null,"abstract":"<div>\n \n <p>We investigate the highly regulated Austrian rental market and estimate the rent deductions in <i>council flats</i>, <i>cooperatives</i> and dwellings under <i>rent regulation</i> vis-à-vis the <i>free market</i>. We find that eligible tenants benefit from significantly cheaper rents. However, as cheap housing is poorly targeted, there are positive income effects even for high-income households while ineligible tenants in the <i>free market</i> are not systematically better off than the ones whose rents are subsidized or regulated. Our results therefore support the common finding that matching between dwellings and households is inefficient when waiting lists rather than prices are used to allocate flats. As households across the income scale benefit from cheap housing (while others do not), income inequality decreases only slightly.</p>\n </div>","PeriodicalId":47739,"journal":{"name":"Kyklos","volume":"78 3","pages":"1185-1210"},"PeriodicalIF":1.3000,"publicationDate":"2025-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Kyklos","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/kykl.12464","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
We investigate the highly regulated Austrian rental market and estimate the rent deductions in council flats, cooperatives and dwellings under rent regulation vis-à-vis the free market. We find that eligible tenants benefit from significantly cheaper rents. However, as cheap housing is poorly targeted, there are positive income effects even for high-income households while ineligible tenants in the free market are not systematically better off than the ones whose rents are subsidized or regulated. Our results therefore support the common finding that matching between dwellings and households is inefficient when waiting lists rather than prices are used to allocate flats. As households across the income scale benefit from cheap housing (while others do not), income inequality decreases only slightly.
期刊介绍：
KYKLOS views economics as a social science and as such favours contributions dealing with issues relevant to contemporary society, as well as economic policy applications. Since its inception nearly 60 years ago, KYKLOS has earned a worldwide reputation for publishing a broad range of articles from international scholars on real world issues. KYKLOS encourages unorthodox, original approaches to topical economic and social issues with a multinational application, and promises to give fresh insights into topics of worldwide interest
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