Local ordinances that limit rent increases for some rental housing units, such as in New York and San Francisco, have had a positive impact over the past three decades on the amount and quality of broadly affordable rental housing in cities that have used them.
|Daron Acemoglu||MIT||Disagree||4||Bio/Vote History|
|Alberto Alesina||Harvard||Strongly Disagree||9||Bio/Vote History|
|Joseph Altonji||Yale||Did Not Answer||Bio/Vote History|
|Alan Auerbach||Berkeley||Disagree||6||Bio/Vote History|
|David Autor||MIT||Strongly Disagree||8||
Rent control discourages supply of rental units. Incumbent renters benefit from capped prices. New renters face reduced rental options.
|Katherine Baicker||Harvard||Disagree||5||Bio/Vote History|
|Marianne Bertrand||Chicago||Did Not Answer||Bio/Vote History|
|Raj Chetty||Harvard||Disagree||7||Bio/Vote History|
|Judith Chevalier||Yale||Strongly Disagree||9||
Rent control will have similar effects to any price control.
|Janet Currie||Princeton||Disagree||5||Bio/Vote History|
I suspect zoning and building limits have been more important.
|Angus Deaton||Princeton||Strongly Disagree||9||Bio/Vote History|
|Darrell Duffie||Stanford||Uncertain||2||Bio/Vote History|
Rent control lowers incentives to invest and increases incentives to hold underoccupied rentals
|Barry Eichengreen||Berkeley||Uncertain||2||Bio/Vote History|
|Ray Fair||Yale||Strongly Disagree||10||Bio/Vote History|
Price controls create disincentives to increase supply. But without rent control, no one outside the top 1% would be left in Manhattan.
|Claudia Goldin||Harvard||Strongly Disagree||7||Bio/Vote History|
|Austan Goolsbee||Chicago||Disagree||5||Bio/Vote History|
|Michael Greenstone||MIT||Strongly Disagree||8||
Great if you are lucky enough to get one of those apartments! Bad for all others The worst policies apply to new construction.
|Robert Hall||Stanford||Strongly Disagree||9||Bio/Vote History|
|Bengt Holmström||MIT||Agree||3||Bio/Vote History|
|Caroline Hoxby||Stanford||Strongly Disagree||10||
Rent controlled units do not end up in the hands of low income people. Rent control discourages landlords from creating modest priced units.
|Kenneth Judd||Stanford||Strongly Disagree||9||Bio/Vote History|
|Anil Kashyap||Chicago||Disagree||3||Bio/Vote History|
|Pete Klenow||Stanford||Disagree||3||Bio/Vote History|
|Edward Lazear||Stanford||Strongly Disagree||8||
Even in the short run, rent control induces owners to move property to other uses, misallocate the property, and substitute non-price alloc.
|Jonathan Levin||Stanford||No Opinion||
I'm skeptical - but don't know enough about the programs to have a very informed view.
|Eric Maskin||Harvard||Disagree||7||Bio/Vote History|
|William Nordhaus||Yale||Disagree||5||Bio/Vote History|
|Maurice Obstfeld||Berkeley||Disagree||5||Bio/Vote History|
While well intended, theoretically they also likely limit expansions in supply and improvements in quality.
|Emmanuel Saez||Berkeley||Disagree||6||Bio/Vote History|
|José Scheinkman||Princeton||Disagree||6||Bio/Vote History|
|Richard Schmalensee||MIT||Strongly Disagree||8||
Unless al the textbooks are wrong, this is wrong.
|Hyun Song Shin||Princeton||Disagree||3||Bio/Vote History|
|James Stock||Harvard||Did Not Answer||Bio/Vote History|
|Nancy Stokey||Chicago||Strongly Disagree||9||
The planets are lined up here: theory and evidence point in the same direction.
Next questions: does the sun revolve around the earth.
|Christopher Udry||Yale||Disagree||5||Bio/Vote History|
|Luigi Zingales||Chicago||Disagree||6||Bio/Vote History|
This panel explores the extent to which economists agree or disagree on major public policy issues. To assess such beliefs we assembled this panel of expert economists. Statistics teaches that a sample of (say) 40 opinions will be adequate to reflect a broader population if the sample is representative of that population.
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