抄録
The Terminal Tenancy System (ITS) was introduced on March 1, 2000. This paper examines the impact of the TTS on the private rental housing market using the propensity score matching method, a difference-in-differences estimator and pooled cross-section data on housing rent before and after the introduction of the TTS. We obtained the following results: First, the unit housing rent is lower in the case of terminal tenancy contracts than in the case of general tenancy contracts. Second, the TTS reduced the housing rent on housing which has a higher propensity to be rented by a terminal tenancy contract.
