The curious incidence of rent subsidies: Evidence of heterogeneity from administrative data
利用英国行政面板数据和自然实验，发现租金补贴削减的短期影响约90%由租户承担，但房东承担比例在补贴更慷慨的地区更高，这对设计替代补贴方案有参考价值。
This paper provides new evidence on the incidence of rent subsidies. We use administrative panel data on subsidy recipients in the UK and exploit a natural experiment in which entitlements were cut for about a million households. In the short-run, about 90% of the incidence of the cuts is found to be on tenants. We also uncover an important dimension of heterogeneity in the balance of incidence between tenants and their landlords. We find that the share of the incidence of the cut that falls on landlords, rather than tenants, is higher in cases where the previous system looked more generous relative to tenants’ likely housing needs. This is informative about the likely incidence of alternative rent subsidy schemes.