Accession Number : AD0698144
Title : CAN PUBLIC CONSTRUCTION AND REHABILITATION INCREASE THE QUANTITY OF HOUSING SERVICE CONSUMED BY LOW-INCOME FAMILIES.
Corporate Author : RAND CORP SANTA MONICA CALIF
Personal Author(s) : Olsen,Edgar O.
Report Date : DEC 1969
Pagination or Media Count : 13
Abstract : 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)
Descriptors : (*HOUSING(DWELLINGS), *FEDERAL BUDGETS), (*ECONOMICS, THEORY), CONSTRUCTION, REHABILITATION, MONEY, EFFECTIVENESS, IMPACT, EQUILIBRIUM(PHYSIOLOGY), FACTOR ANALYSIS, PERFORMANCE(HUMAN), MANAGEMENT ENGINEERING
Subject Categories : Administration and Management
Sociology and Law
Distribution Statement : APPROVED FOR PUBLIC RELEASE