In der vorangegangenen Ausgabe der DIW-Vierteljahrshefte zur Wirtschaftsforschung standen vornehmlich direkt von der Coronakrise betroffene Finanzmarktakteure im Fokus. Der vorliegende Band erweitert die Perspektive um Analysen zur realwirtschaftlichen Bedeutung der kleinen und mittleren Unternehmen (KMU) in Zeiten exogener Schocks sowie um weitere ökonomische Herausforderungen im Nachgang der ...
Das Auftreten des Sars-CoV-2-Virus (inzwischen unter der Bezeichnung „Coronavirus“ bekannt) hat die globale Wirtschaft empfindlich in Unordnung gebracht. Es stellt einen geradezu lehrbuchmäßigen exogenen Schock dar, den die ökonomischen Akteure nunmehr als bis dato unbekannte Nebenbedingung in ihren individuellen Plänen berücksichtigen sollten. Folgerichtig ...
This study examines short-, medium-, and long-run price expectations in housing markets. We derive and test six hypothesis about the incidence, formation, and relevance of price expectations. To do so, we use data from a tailored household survey, past sale and rental offerings, satellites, and from an information RCT. As novel findings, we show that price expectations exhibit mean reversion in the ...
After the end of World War II in 1945, millions of refugees arrived in what in 1949 became the Federal Republic of Germany. We examine their effect on today’s productivity, wages, income, rents, education, and population density at the municipality level. Our identification strategy is based on a spatial discontinuity in refugee settlement at the border between the French and US occupation zones in ...
In 2020, Berlin introduced a rigorous rent-control policy responding to soaring rents by setting a cap on rental prices: the Mietendeckel (rent freeze). The policy was revoked one year later by the German Constitutional Court. Although successful in reducing rents during its duration, the consequences for Berlin’s rental market and adjacent municipalities are not clear. In this paper we evaluate the ...
Introduction: Control beliefs can protect against age-related declines in functioning. It is unclear whether neighborhood characteristics shape how much control people perceive over their life. This article studies associations of neighborhood characteristics with control beliefs of residents of a diverse metropolitan area (Berlin, Germany). Methods: We combine self-report data about perceptions of ...
Private rental markets have become increasingly important since the Global Financial Crisis 2008–2009 and rent controls are back on the political agenda. Yet, they have received less attention from housing scholars than homeownership and public housing. This paper presents new data on the development of private tenancy legislation based on a content-coding of rent control, protection of tenants from ...
In an urban economy, the distribution of people and real estate prices depends on the location of the central business district of a city. As distance from the city center increases, both prices and population density diminish, for travel costs increase in terms of time and money. As manufacturing gradually leaves the cities, the importance of consumer amenities as attractors of population to the urban ...