The sentiment among refugees in Germany has changed significantly: Using Socio-Economic Panel (SOEP) data from 2016 to 2023, it can be seen that refugees have been feeling increasingly unwelcome since 2018, while their concerns about xenophobia have grown since 2019. In addition, cross-sectional data from 2022 refugees’ subjective experiences of discrimination in the workplace and when searching for ...
I study the transmission mechanism of Quantitative Easing (QE) in the form of large-scale asset purchases in the mortgage market to aggregate consumption. To this end, I develop a New Keynesian model that features heterogeneous households, a microfounded housing market, and frictional intermediation. This model helps explain the empirical evidence suggesting that QE increases aggregate consumption ...
Der Wohnungsmarkt hat in den vergangenen Jahrzehnten sowohl in der politischen Debatte als auch in der medialen Berichterstattung immer wieder eine zentrale Rolle gespielt. Dieser Wochenbericht analysiert die Plenarprotokolle und Drucksachen des Deutschen Bundestags von 1950 bis 2024 und untersucht, wie sich die politische Debatte zum Wohnungsmarkt über die Jahre verändert hat. Am konkreten Beispiel ...
This study investigates how actual and anticipated intergenerational wealth transfers – i.e., inter vivos gifts and inheritances – contribute to inequalities in the transition to homeownership by parental social class. Utilizing discrete-time survival analysis on data from the German Socioeconomic Panel Study (N = 13,018), we find that individuals whose parents were manual workers or service workers ...
We study how rent control and housing rationing shape housing investment and market tightness in Geneva using a VAR on annual data (1994–2022) with generalized impulse responses and Granger causality. We find that housing rationing functions as a binding quantity restriction as it precedes a contraction in new institutional construction and Granger-causes lower vacancy rates. This increased scarcity ...
