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DIW Economic Bulletin 19 / 2015

Using Equity Capital to Unlock Investment in Building Energy Efficiency?

The energy transition will require considerable increases in energy efficiency, particularly in residential buildings. Financial support mechanisms, information and adviceprograms and dedicated training and certification of craftsmen are already in place to stimulate energy efficiency investment. Nevertheless, the required annual rate of thermal building refurbishment of around two percent is so far ...

2015| Claus Michelsen, Karsten Neuhoff, Anne Schopp
Diskussionspapiere 1477 / 2015

War, Housing Rents, and Free Market: A Case of Berlin's Rental Housing Market during the World War I

Before the World War I, the urban rental housing market in Germany could be described as a free and competitive market. The government hardly interfered in the relationships between the landlords and ten- ants. The rents were set freely. During the World War I, the market was hit by several violent shocks. The outbreak of the war led initially to a huge outflow of men from cities to the fronts. Towards ...

2015| Konstantin A. Kholodilin
SOEPpapers 760 / 2015

Sowing the Wind and Reaping the Whirlwind? The Effect of Wind Turbines on Residential Well-Being

We investigate the effect of the physical presence of wind turbines on residential well-being in Germany, using panel data from the German Socio-Economic Panel (SOEP) and a unique novel panel data set on more than 20,000 wind turbines for the time period between 2000 and 2012. Using a Geographical Information System (GIS), we calculate the proximity between households and the nearest wind turbine as ...

2015| Christian Krekel, Alexander Zerrahn
DIW Economic Bulletin 9 / 2015

Aircraft Noise in Berlin Affects Quality of Life Even Outside the Airport Grounds

Aircraft noise is a particularly problematic source of noise as many airports are located in or near major cities and, as a result, densely populated areas are affected. Data from the Berlin Aging Study II (Berliner Altersstudie II, BASE-II), whose socio-economic module is based on the longitudinal Socio-Economic Panel (SOEP) study which has been conducted since 1984, allows us to examine the effect ...

2015| Peter Eibich, Konstantin Kholodilin, Christian Krekel, Gert G. Wagner
DIW Roundup 53 / 2015

Is There a Bubble in the German Housing Market?

After a period of stagnation that lasted for almost two decades, German house prices began to grow at an accelerated pace since late 2010. Real house prices that even had been declining in 2000-2008 started to climb up steeply from the second half of 2010, followed by a recovery of construction activities. This development raised concerns about the formation of a speculative house price bubble among ...

2015| Konstantin A. Kholodilin, Claus Michelsen, Dirk Ulbricht
DIW Economic Bulletin 3 / 2015

German Construction Industry: New Residential Construction at Cyclical Peak - Public Construction Gaining Ground

The construction industry remains a key pillar of the German economy. According to the latest construction volume calculations by DIW Berlin, the value of construction in 2014 and 2015 is forecast to grow far more rapidly than the economy as a whole: by a price-adjusted 3.3 percent and 2.1 percent in 2014 and 2015, respectively. Currently, new residential construction is an important engine for growth ...

2015| Martin Gornig, Claus Michelsen
Diskussionspapiere 1410 / 2014

Small Might Be Beautiful, but Bigger Performs Better: Scale Economies in "Green" Refurbishments of Apartment Housing

The energy efficiency of the residential housing stock plays a key role in strategies to mitigate climate change and global warming. In this context, it is frequently argued that private investment and the quality of thermal upgrades is too low in the light of the challenges faced and the potential energy cost savings. While many authors address the potential barriers for investors to increase energy ...

2014| Claus Michelsen, Sebastian Rosenschon, Christian Schulz
202 results, from 121