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Can Public Construction and Rehabilitation Increase the Quantity of Housing Service Consumed by Low-Income Families

E. O. Olsen

It is widely believed that public construction and rehabilitation of dwelling units increase and improve the housing stock. The purpose of this paper is to demonstrate that the most rigorously developed and thoroughly tested theory of the housing market implies that public construction and rehabilitation have no effect on the long run equilibrium quantity of housing service. This theory holds that it is the subsidy which accompanies public construction and rehabilitation that results in greater consumption of housing service. (Author)

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Can Public Construction and Rehabilitation Increase the Quantity of Housing Service Consumed by Low-Income Families

E. O. Olsen

It is widely believed that public construction and rehabilitation of dwelling units increase and improve the housing stock. The purpose of this paper is to demonstrate that the most rigorously developed and thoroughly tested theory of the housing market implies that public construction and rehabilitation have no effect on the long run equilibrium quantity of housing service. This theory holds that it is the subsidy which accompanies public construction and rehabilitation that results in greater consumption of housing service. (Author)

Can Public Construction and Rehabilitation Increase the Quantity of Housing Service Consumed by Low-Income Families

E. O. Olsen

It is widely believed that public construction and rehabilitation of dwelling units increase and improve the housing stock. The purpose of this paper is to demonstrate that the most rigorously developed and thoroughly tested theory of the housing market implies that public construction and rehabilitation have no effect on the long run equilibrium quantity of housing service. This theory holds that it is the subsidy which accompanies public construction and rehabilitation that results in greater consumption of housing service. (Author)

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Title:

Can Public Construction and Rehabilitation Increase the Quantity of Housing Service Consumed by Low-Income Families

Contributors:

E. O. Olsen (author)

Publication date:

1969

Size:

13 pages

Type of media:

Report

Type of material:

No indication

Language:

English

Keywords:

Social Concerns , Management Practice , Housing , Federal budgets , Economics , Theory , Construction , Rehabilitation , Money , Effectiveness , Impact , Equilibrium , Factor analysis , Performance(Human) , Management engineering , Low income families , Subsidies

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