Must Agreements Be Kept? Residential Leases During Covid-19*
研究新冠疫情期间以色列租户的租金支付情况,发现近八分之一租户未全额支付租金,财务脆弱和收入大幅下降的租户扣留更多租金,正式合同条款和与房东的关系均影响支付行为。
Abstract We study residential lease payments during the COVID-19 pandemic. A survey of Israeli renters shows that nearly one in eight did not pay full rent during the first lockdown in March–April 2020. These households held back two-thirds of their contractually due rent on average. Financially fragile households with large income cuts withheld a greater share. Both formal and relational aspects of the landlord-tenant relationship affected payments: tenants paid more of their rent if their leases included formal provisions against non-payment, and less if they had strong relationships with their landlords. We use bargaining and relational contract theories to explain our findings.