-
Brown Bag Seminar Industrial Economics
This paper relates incomplete price competition among real estate agents to inattentive home sellers. I exploit a recent legal reform in Germany which specifically aimed to increase price competition among real estate agents by raising the cost salience of sellers. I find that the reform backfired and real estate agents exploited the transition to increase their total commission rate by 0.3...
03.05.2023| Julius Stoll, Hertie School
-
DIW focus
The energy and climate crisis enhance the need for energy savings. In the building sector, these savings can be achieved primarily through thermal retrofitting. So far, progress in this area has been slow. To date, less than one percent of the residential building stock in Germany is retrofitted each year. The existing support programs alone offer too little reliability for the necessary...
13.03.2023| Sophie Behr, Merve Küçük, Karsten Neuhoff
-
Brown Bag Seminar Industrial Economics
01.03.2023| Caroline Stiel, DIW Berlin
-
Infographic
10.01.2023
-
Externe referierte Aufsätze
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:
Housing Studies
38 (2023), 4, S. 707-743
| Sebastian Kohl, Konstantin A. Kholodilin
-
Externe referierte Aufsätze
The long-run U-shaped patterns of economic inequality are standardly explained by basic economic trends (Piketty’s r > g), taxation policies or ‘great levellers’ such as catastrophes. This article argues that housing policy, and particularly rent control, is a neglected explanatory factor in understanding macro inequality. We hypothesize that rent control could decrease overall housing wealth, lower ...
In:
Journal of European Social Policy
im Ersch. (2023), [Online first: 2023-01-31]
| Konstantin A. Kholodilin, Sebastian Kohl
-
DIW Weekly Report 1/2 / 2023
Following the construction boom of recent years in Germany, inflation and supply bottlenecks hit the industry hard in 2022. While nominal construction volume increased by nearly 14 percent, it decreased by two percent when adjusted for inflation. Residential construction, which is urgently needed, was particularly affected. In 2023 and 2024, it is expected that investors will show restraint and that ...
2023| Martin Gornig, Laura Pagenhardt
-
Externe referierte Aufsätze
This paper studies market segmentation that arises from the introduction of rent control. When a part of the market remains unregulated, theory predicts an increase of free-market rents due to the misallocation of households to dwellings. To document this mechanism empirically, we study a large-scale policy intervention in the German housing market. We isolate the misallocation mechanism by exploiting ...
In:
Journal of Urban Economics
134 (2023), 103513
| Andreas Mense, Claus Michelsen, Konstantin A. Kholodilin
-
Externe referierte Aufsätze
The comparative study of housing decommodification lags behind classical welfare state research, while housing research itself is rich in homeownership studies but lacks comparative accounts of private and social rentals due to missing comparative data. Building on existing works and various primary sources, this study presents a new collection of up to forty-eight countries’ social housing shares ...
In:
Journal of Social Policy
im Ersch. (2023), [online first: 2022-12-02]
| Konstantin Arkadievich Kholodilin, Sebastian Kohl, Florian Müller
-
Externe referierte Aufsätze
In 2020, Berlin introduced a rigorous rent-control policy responding to soaring prices by capping rents: the Mietendeckel (rent freeze). The German Constitutional Court revoked the policy only one year later. Although successful in lowering rents during its duration, the consequences for Berlin’s rental market and close-by markets are per se not clear. This article evaluates the short-term causal supply-side ...
In:
Management Science
im Ersch. (2023)
| Anja M. Hahn, Konstantin A. Kholodilin, Sofie R. Waltl, Marco Fongoni