ABSTRACT

The share of the private rental housing market in Central and Eastern European countries is low. With a survey data from Poland, I show that strong tenure preferences of households toward owning can be attributed to both economic and psychological factors. Building on these findings, I develop a life cycle model and I conduct counterfactual simulations to evaluate how changes in the structure of the rental market affect its size. I show that in the alternative scenario, which assumes (i) a change in the quality of rental services, (ii) lowering rental prices and (iii) diminishing fiscal incentives to own, the size of the private rental market is significantly higher, which leads to welfare gains for poor households.

摘要

在中欧和东欧国家，私人租赁住房市场的份额很低。根据波兰的一项调查数据，我表明，家庭对拥有权的强烈使用偏好可以归因于经济和心理因素。基于这些发现，我开发了生命周期模型，并进行了反事实模拟，以评估租赁市场结构的变化如何影响其规模。我表明，在替代方案中，假设（i）租赁服务质量的变化，（ii）降低租金价格和（iii）减少拥有所有权的财政激励措施，则私人租赁市场的规模明显更大，这表明导致贫困家庭获得福利。