Dec 11 2024 61 mins 31
Urban upzonings have been rare across the world, and many of the most significant occurred only in the past 5–10 years or less. One exception is the canton of Zurich, Switzerland, where cities and towns have been relaxing land use restrictions for over 25 years. Simon Büchler and Elena Lutz share their research on the long-term effects of these reforms on housing supply and rents, and the kinds of zoning changes that produce real-world results.
Show notes:
- Büchler, S., & Lutz, E. (2024). Making housing affordable? The local effects of relaxing land-use regulation. Journal of Urban Economics, 143, 103689.
- Anagol, S., Ferreira, F. V., & Rexer, J. M. (2021). Estimating the economic value of zoning reform (No. w29440). National Bureau of Economic Research.
- Greenaway-McGrevy, R. (2023). Can zoning reform reduce housing costs? Evidence from rents in Auckland. Economic Policy Centre.
- Asquith, B. J., Mast, E., & Reed, D. (2023). Local effects of large new apartment buildings in low-income areas. Review of Economics and Statistics, 105(2), 359-375.
- Gyourko, J., Mayer, C., & Sinai, T. (2013). Superstar Cities. American Economic Journal: Economic Policy, 5(4), 167-199.
- Mast, E. (2024). Warding off development: Local control, housing supply, and nimbys. Review of Economics and Statistics, 106(3), 671-680.
- Mast, E. (2023). JUE Insight: The effect of new market-rate housing construction on the low-income housing market. Journal of Urban Economics, 133, 103383.
- Bratu, C., Harjunen, O., & Saarimaa, T. (2023). JUE Insight: City-wide effects of new housing supply: Evidence from moving chains. Journal of Urban Economics, 133, 103528.
