Journal article
Alternative Estimates of Direct Tenant Benefit and Consumption Inefficiencies from the Section 8 New Construction Program
Land economics, Vol.60(2), pp.189-201
05/01/1984
DOI: 10.2307/3145973
Abstract
The Hicksian Equivalent Variation (EV) and the Compensating Variation (CV) concepts are used to estimate the magnitude of direct tenant benefit and consumption inefficiencies from the Section 8 new construction program (one of 3 programs collectively known as the Section 8 Housing Assistance Payments Program). Data were obtained from completed Section 8 New Housing Construction applications gleaned from the Wisconsin Housing Finance Authority in Madison. The sample consists of 1,268 observations randomly selected from the group of successful applicants for 1979, from both urban and rural areas and both the northern and southern parts of the state. For the sample overall, the annual direct tenant benefit per household is estimated to be $1,618 for the EV concept and $1,499 for the CV concept. These estimates are substantially lower than the average actual subsidy cost of $2,656. The increase in welfare of the recipient households induced by the Section 8 program is attained at the cost of consumption inefficiencies.
Details
- Title: Subtitle
- Alternative Estimates of Direct Tenant Benefit and Consumption Inefficiencies from the Section 8 New Construction Program
- Creators
- Jarjisu Sa-Aadu
- Resource Type
- Journal article
- Publication Details
- Land economics, Vol.60(2), pp.189-201
- Publisher
- University of Wisconsin Press
- DOI
- 10.2307/3145973
- ISSN
- 0023-7639
- eISSN
- 1543-8325
- Language
- English
- Date published
- 05/01/1984
- Academic Unit
- Finance
- Record Identifier
- 9984380732002771
Metrics
1 Record Views