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
Externe referierte Aufsätze
This article studies housing rents in St. Petersburg from 1880 to 1917, covering an eventful period of Russian and world history. Digitizing over 5000 rental advertisements, we construct a state-of-the-art index – the first pre-war and pre-Soviet market data index for any Russian city. In 1915, a rent control and tenant protection policy was introduced in response to soaring prices following the outbreak ...
Explorations in Economic History
81 (2021), 101398, 30 S.
| Konstantin A. Kholodilin, Leonid E. Limonov, Sofie R. Waltl
DIW Weekly Report 27/28 / 2021
Real estate is taxed at comparatively low rates in Germany, with primarily the affluent benefiting from numerous existing tax privileges. This Weekly Report describes the current state of real estate taxation in Germany and outlines reform proposals that could increase tax revenue, improve the efficiency of the tax system, and reduce wealth and income inequality. In the case of property tax, value-based ...
2021| Stefan Bach, Sebastian Eichfelder
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
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
Brown Bag Seminar Industrial Economics
This is an online seminar using Webex. You will receive the login data with the invitation to the talk.
Abstract: Cities worldwide have regulated the peer-to-peer short-term rental market claiming that those markets remove apartments from the long-term housing market, causing an increase in rents. However, at the time many of these policies were passed, empirical evidence for or...
05.06.2020| Kevin Ducbao Tran
Berlin Applied Micro Seminar (BAMS)
Unfortunately the event is canceled. As soon as a new date is fixed, it will be announced here on the website.
BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.
16.03.2020| Florian Oswald
SOEPpapers 1111 / 2020
This paper explores the methodological issues to take into account when using SOEP as a database for calculating a measure of housing costs and housing affordability. For this purpose, we focus on the evolution of housing costs for households headed by elderly people between 1998 and 2018. Our review yields two clear conclusions: (1) that SOEP represents a valuable source of data for calculating household ...
2020| Alberto Lozano Alcántara, Laura Romeu Gordo
Diskussionspapiere 1890 / 2020
Cities worldwide have regulated peer-to-peer short-term rental platforms claiming that those platforms remove apartments from the long-term housing market, causing an in- crease in rents. Establishing and quantifying such a causal link is, however, challenging. We investigate two policy changes in Berlin to first assess how effective they were in regulating Airbnb, the largest online peer-to-peer short-term ...
2020| Tomaso Duso, Claus Michelsen, Maximilian Schäfer, Kevin Ducbao Tran