Jiang, Yanpeng; Shen, Xiaochi - In: International studies of economics 20 (2025) 2, pp. 177-194
This paper investigates the localized and short-term effects of COVID-19-induced lockdowns on Shanghai's rental market in the second half of 2022. Using Difference-in-Differences methodologies, we find that rental prices declined by 1.5% following the lockdowns on average, with areas...