Full Citation

Title: Housing Stability and New Business Creation

Citation Type: Miscellaneous

Publication Year: 2020

ISBN:

ISSN:

DOI: 10.2139/SSRN.3574364

NSFID:

PMCID:

PMID:

Abstract: We examine whether stronger legal renter rights encourage business creation by enhancing housing stability. In California, passages of city ordinances that protect renters from arbitrary evictions increase the number of new businesses by 9.9\% and the proportion of female (8.0\%) and racial-minority business owners (12.1\%). These firms can survive in the long run and perform no worse than others. Household-level analysis shows that renters are less likely to move, more likely to become self-employed and generate more business income after law passages. Our evidence suggests that enhancing housing stability can benefit the local economy by promoting self-employment and job creation.

Url: https://papers.ssrn.com/abstract=3574364

User Submitted?: No

Authors: Xiao, Steven Chong; Xiao, Serena Wenjing

Publisher: Elsevier BV

Data Collections: IPUMS CPS

Topics: Housing and Segregation, Poverty and Welfare

Countries: