This study examines the 2016 reform of Germany's Residence Act that intended to foster refugee integration by extending the waiting period for permanent residency from three to five years and introducing requirements, such as proficiency in German and partial financial independence. Using data from the German Socio-Economic Panel (SOEP), we employ a difference-in-differences design to analyse...
The aim of the workshop is to bring together experts from different countries and different disciplines (economics, history, law, sociology, urbanism, etc.) who are interested in rent control and other housing policies. The annual workshop, taking place for the fifth time, aims to be a forum for discussing housing policies around the world and exchange ideas. Furthermore, it also aims to encourage...
Homeownership is far less prevalent in Germany than in most other European countries. This Weekly Report examines the extent to which homeownership in Germany depends on the ownership status of parents and how the association has changed over time. Homeownership rates are significantly lower among younger birth cohorts than among older cohorts. At the same time, intergenerational mobility toward renting ...
We study the effects of movements in aggregate lending standards on macroeconomic aggregates and inequality. We show in a New Keynesian model with heterogeneous households and housing that a looser loan-to-value (LTV) ratio stimulates housing demand, nondurable consumption, and output. Our model implies that the LTV shock transmits to macroeconomic aggregates through higher household liquidity and ...
Amid the Ukrainian displacement crisis, private hosting of refugees in Europe has surged, yet its impact on integration remains understudied. This research examines the short- to medium-term effects of private hosting on Ukrainian refugee integration in Germany. Using data from one of the largest non-profit platforms that matches private hosts with refugees, we compare the multidimensional integration ...
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 ...
