Are Private Markets and Filtering a Viable Source of Low-Income Housing? Estimates from a “Repeat Income” Model

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Forthcoming: American Economic Review Are Private Markets and Filtering a Viable Source of Low-Income Housing? Estimates from a “Repeat Income” Model June, 2013

While filtering has long been considered the primary mechanism by which markets supply lowincome housing, direct estimates of that process have been absent. This has contributed to doubts about the viability of markets and to misplaced policy. I fill this gap by estimating a “repeat income” model using 1985-2011 panel data. Real annual filtering rates are faster for rental housing (2.5 percent)...

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ژورنال

عنوان ژورنال: American Economic Review

سال: 2014

ISSN: 0002-8282

DOI: 10.1257/aer.104.2.687