Insuring Landlords
为房东提供保险
Abstract
This paper shows that insuring landlords against non-payment risk can improve housing access and upward geographic mobility for fragile tenants. We study Visale, a large-scale publicly funded rent guarantee insurance policy in France, free for eligible tenants and landlords. Using administrative household and claim payout data and quasi-experimental eligibility variation by exact age, we show the guarantee increased access to private-sector rental housing, especially for immigrants, newly formed households, and low-income renters. The scheme eased long-distance mobility toward expensive, high-wage neighborhoods at a moderate fiscal cost per marginal move, though potentially displacing comparable ineligible tenants through higher rents.
中文摘要
本文表明，为房东提供针对欠租风险的保险可以改善脆弱租户的住房获取和向上地理流动性。我们研究了Visale，这是一项法国大规模公共资助的租金担保保险政策，对符合条件的租户和房东免费。利用行政家庭和理赔支付数据以及按确切年龄的准实验资格变化，我们表明该担保增加了私营部门租赁住房的获取，尤其是对移民、新组建家庭和低收入租户。该计划以每边际迁移适度的财政成本，促进了向昂贵、高工资社区的长距离流动，尽管可能通过提高租金而挤走条件相当的不符合资格租户。