Diskussionspapiere 2008 / 2022
This study investigates the effects of short-lived rent control regulations introduced in Catalonia in September 2020 and revoked in March 2022. Using the microdata of the largest Spanish housing advertisement portal idealista between January 2017 and May 2022, we analyze the dynamics of prices and supply for dwellings offered for rent and for sale. We also examine separately the rental and sales markets. ...
2022| Konstantin A. Kholodilin, Fernando A. López, David Rey Blanco, Pelayo González Arbués
Externe referierte Aufsätze
We study how land use fragmentation affects the life satisfaction of city dwellers. To this end, we calculate fragmentation metrics based on exact geographical coordinates of land use from the European Urban Atlas and of households from the German Socio-Economic Panel. Using ordinary least squares and fixed effects specifications, we find little effect on life satisfaction when aggregating over land ...
98 (2022), 2, S. 399-420
| Christine Bertram, Jan Goebel, Christian Krekel, Katrin Rehdanz
Brown Bag Seminar Industrial Economics
The housing issue is one of the hottest social problems. It is widely debated by the society. These debates contain a large subjective component. In addition, they are expected to correlate with the phases of the housing cycle. One of the most visible and durable manifestationsof these debates are the media items. In this study, we aim at assessing the sentiment of these media publications in...
26.11.2021| Konstantin A. Kholodilin, DIW Berlin
Cluster-Seminar Öffentliche Finanzen und Lebenslagen
Since the start of the century, particularly in urban centres, housing markets worldwide have experienced stark price and rent increases. As a consequence urban agglomerations have experienced strong changes in their neighbourhood composition with originally poorer, central areas gentrifying quickly. Governments have reacted by raising the topic of affordable housing on the...
20.01.2021| Niklas Gohl
Diskussionspapiere 1928 / 2021
In 2020, Berlin enacted a rigorous rent-control policy: the “Mietendeckel” (rent freeze), aiming to stop rapidly growing rental prices. We evaluate this newly enacted but old-fashionably designed policy by analyzing its immediate supply-side effects. Using a rich pool of rent advertisements reporting asking rents and comprehensive dwelling characteristics, we perform hedonic-style Difference-in-Difference ...
2021| Anja M. Hahn, Konstantin A. Kholodilin, Soﬁe R. Waltl
DIW Weekly Report 1/2 / 2021
The coronavirus pandemic has led to a deep worldwide economic crisis. In many countries, the construction industry has been impacted. In Germany, however, construction activity is one of the economic sectors that has remained largely stable: In 2020, the total construction volume in Germany is expected to have increased by around four percent to 444 billion euros after increasing by around eight percent ...
2021| Martin Gornig, Claus Michelsen, Laura Pagenhardt
Vierteljahrshefte zur Wirtschaftsforschung 4 / 2021
Obwohl die Nachfrage nach nachhaltigen Anlageprodukten steigt und die Regulierung zur Offenlegung von Nachhaltigkeitsaspekten zunimmt, mangelt es auf Seiten der Anleger:innen an Informationen über die Nachhaltigkeit der angebotenen Anlageprodukte. Auch wenn in der Literatur hunderte von ESG-Indikatoren für Standard-Investmentprodukte zur Verfügung stehen, gibt es bisher keinen ganzheitlichen Ansatz ...
2021| Janina Bösche
Owner-occupied housing costs represent an important expenditure for households and should be included in the Harmonised Index of Consumer Prices. Conceptual and practical challenges must be resolved before this can be implemented. Estimates suggest that these costs would have a small impact on monetary policy. At the same time, different degrees of home ownership in the euro area mean that their inclusion ...
(Monetary Dialogue Papers ; November 2021)
| Geraldine Dany-Knedlik, Andrea Papadia
Diskussionspapiere 1936 / 2021
This paper provides evidence for the propagation of idiosyncratic mortgage supply shocks to the macroeconomy. Based on micro-level data from the Home Mortgage Disclosure Act for the 1990-2016 period, our results suggest that lender-specific mortgage supply shocks affect aggregate mortgage, house price, and employment dynamics at the regional level. The larger the idiosyncratic shocks to newly issued ...
2021| Franziska Bremus, Thomas Krause, Felix Noth
Externe referierte Aufsätze
We consider the problem of regression with selectively observed covariates in a nonparametric framework. Our approach relies on instrumental variables that explain variation in the latent covariates but have no direct effect on selection. The regression function of interest is shown to be a weighted version of observed conditional expectation where the weighting function is a fraction of selection ...
Journal of Econometrics
223 (2021), 1, S. 28-52
| Christoph Breunig, Peter Haan