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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 M. Behr, Merve Küçük, Karsten Neuhoff
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Brown Bag Seminar Industrial Economics
01.03.2023| Caroline Stiel, DIW Berlin
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Infographic
10.01.2023
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Refereed essays Web of Science
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
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Diskussionspapiere 2048 / 2023
Various stakeholders are increasingly encouraging companies from the real economy to adopt measures facilitating their transition towards carbon neutrality. In this context, companies are expected to implement forward-looking strategies and climate-related reporting practices using scenario analysis aligned with scientific evidence and credible pathways to net zero carbon emissions. This paper examines ...
2023| Fernanda Ballesteros, Franziska Schütze, Catherine Marchewitz, Alexandra Hüttel
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DIW Weekly Report 32/33 / 2023
According to the latest review report of the Council of Experts on Climate Change, the German building sector failed to meet its greenhouse gas emission reduction targets in 2022. This is in part because investments in energy-efficient building refurbishment—supported by all kinds of policy measures— has neither been low nor shown a consistently positive trend over the past ten years. Furthermore, ...
2023| Martin Gornig, Katrin Klarhöfer
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Diskussionspapiere 2061 / 2023
Housing bubbles and crashes are catastrophic events for economies, implying enormous destruction of housing wealth, financial default risks, construction unemployment, and business cycle downturns. This paper investigates whether governmental housing policies can affect economies’ propensity to build up speculative house price bubbles. Specifically, we focus on the liberalization effects of rent and ...
2023| Konstantin A. Kholodilin, Sebastian Kohl, Florian Müller
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Newspaper and Blog Articles
In:
Transforming Economies
(06.12.2023), [Online-Artikel]
| Martin Gornig
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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
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Refereed essays Web of Science
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, 22 S.
| Andreas Mense, Claus Michelsen, Konstantin A. Kholodilin