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Finding Effects of Sequential Housing Price Control Policies Using Various Forms of Difference in Differences

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Title: Finding Effects of Sequential Housing Price Control Policies Using Various Forms of Difference in Differences
Language: English
Authors: Jihee Ann (ORCID 0009-0003-8688-0159), Myoung-jae Lee (ORCID 0000-0002-3935-7491), Hyung Joon Chung (ORCID 0009-0006-1889-354X)
Source: Evaluation Review. 2026 50(3):482-515.
Availability: SAGE Publications. 2455 Teller Road, Thousand Oaks, CA 91320. Tel: 800-818-7243; Tel: 805-499-9774; Fax: 800-583-2665; e-mail: journals@sagepub.com; Web site: https://sagepub.com
Peer Reviewed: Y
Page Count: 34
Publication Date: 2026
Document Type: Journal Articles
Reports - Descriptive
Descriptors: Housing, Costs, Foreign Countries, Statistical Analysis, Public Policy
Geographic Terms: South Korea (Seoul)
DOI: 10.1177/0193841X251400391
ISSN: 0193-841X
1552-3926
Abstract: Various forms of housing price and rent control policies are implemented in many countries, and finding their impacts is an important issue. Over 2019-2023, the South Korean government announced a policy to put a ceiling on housing prices in some regions of Seoul, and then subsequently implemented, strengthened, weakened, and finally abolished the policy. This is a rather complicated scenario for a policy, and the goal of this paper is to assess the effects of the policy and its changes with difference in differences (DD). We establish a detailed DD-analysis protocol, employing diverse forms of DD. Applying the protocol where a systematic difference in the untreated outcome trajectories of the treated and control groups is allowed, we assess the policy impacts. We find that, despite the active involvement of the government in the housing market, the overall effect is about a 4--5% decline in housing prices in Seoul.
Abstractor: As Provided
Entry Date: 2026
Accession Number: EJ1501384
Database: ERIC
FullText Text:
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PubType: Academic Journal
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  Data: Finding Effects of Sequential Housing Price Control Policies Using Various Forms of Difference in Differences
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  Data: <searchLink fieldCode="AR" term="%22Jihee+Ann%22">Jihee Ann</searchLink> (ORCID <externalLink term="https://orcid.org/0009-0003-8688-0159">0009-0003-8688-0159</externalLink>)<br /><searchLink fieldCode="AR" term="%22Myoung-jae+Lee%22">Myoung-jae Lee</searchLink> (ORCID <externalLink term="https://orcid.org/0000-0002-3935-7491">0000-0002-3935-7491</externalLink>)<br /><searchLink fieldCode="AR" term="%22Hyung+Joon+Chung%22">Hyung Joon Chung</searchLink> (ORCID <externalLink term="https://orcid.org/0009-0006-1889-354X">0009-0006-1889-354X</externalLink>)
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  Data: <searchLink fieldCode="SO" term="%22Evaluation+Review%22"><i>Evaluation Review</i></searchLink>. 2026 50(3):482-515.
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  Data: SAGE Publications. 2455 Teller Road, Thousand Oaks, CA 91320. Tel: 800-818-7243; Tel: 805-499-9774; Fax: 800-583-2665; e-mail: journals@sagepub.com; Web site: https://sagepub.com
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  Data: Y
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  Data: 34
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  Data: 2026
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  Data: Journal Articles<br />Reports - Descriptive
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  Data: <searchLink fieldCode="DE" term="%22Housing%22">Housing</searchLink><br /><searchLink fieldCode="DE" term="%22Costs%22">Costs</searchLink><br /><searchLink fieldCode="DE" term="%22Foreign+Countries%22">Foreign Countries</searchLink><br /><searchLink fieldCode="DE" term="%22Statistical+Analysis%22">Statistical Analysis</searchLink><br /><searchLink fieldCode="DE" term="%22Public+Policy%22">Public Policy</searchLink>
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  Data: <searchLink fieldCode="DE" term="%22South+Korea+%28Seoul%29%22">South Korea (Seoul)</searchLink>
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  Data: 10.1177/0193841X251400391
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  Data: 0193-841X<br />1552-3926
– Name: Abstract
  Label: Abstract
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  Data: Various forms of housing price and rent control policies are implemented in many countries, and finding their impacts is an important issue. Over 2019-2023, the South Korean government announced a policy to put a ceiling on housing prices in some regions of Seoul, and then subsequently implemented, strengthened, weakened, and finally abolished the policy. This is a rather complicated scenario for a policy, and the goal of this paper is to assess the effects of the policy and its changes with difference in differences (DD). We establish a detailed DD-analysis protocol, employing diverse forms of DD. Applying the protocol where a systematic difference in the untreated outcome trajectories of the treated and control groups is allowed, we assess the policy impacts. We find that, despite the active involvement of the government in the housing market, the overall effect is about a 4--5% decline in housing prices in Seoul.
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  Data: 2026
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        Value: 10.1177/0193841X251400391
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      – Text: English
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      Pagination:
        PageCount: 34
        StartPage: 482
    Subjects:
      – SubjectFull: Housing
        Type: general
      – SubjectFull: Costs
        Type: general
      – SubjectFull: Foreign Countries
        Type: general
      – SubjectFull: Statistical Analysis
        Type: general
      – SubjectFull: Public Policy
        Type: general
      – SubjectFull: South Korea (Seoul)
        Type: general
    Titles:
      – TitleFull: Finding Effects of Sequential Housing Price Control Policies Using Various Forms of Difference in Differences
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          Name:
            NameFull: Jihee Ann
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            NameFull: Myoung-jae Lee
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            NameFull: Hyung Joon Chung
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            – D: 01
              M: 06
              Type: published
              Y: 2026
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              Value: 0193-841X
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              Value: 1552-3926
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              Value: 50
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            – TitleFull: Evaluation Review
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