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Diskussionspapiere 1997 / 2022

Stimulating Housing Policy and Housing Tenure Choice: Evidence from the G7 Countries

Housing affordability is a hotly debated issue on global scale. A lack of affordable housing of decent quality is a chronic problem in urban areas. Governments try to alleviate it by stimulating homeownership among middle-income households and providing social housing for the low-income households. Such policies are very costly. Thus, this study aims to assess at least tentatively the effectiveness ...

2022| Eugeniya Malinskaya, Konstantin A. Kholodilin
Diskussionspapiere 1999 / 2022

Forward to the Past: Short-Term Effects of the Rent Freeze in Berlin

In 2020, Berlin introduced a rigorous rent-control policy responding to soaring rents by setting a cap on rental prices: the Mietendeckel (rent freeze). The policy was revoked one year later by the German Constitutional Court. Although successful in reducing rents during its duration, the consequences for Berlin’s rental market and adjacent municipalities are not clear. In this paper we evaluate the ...

2022| Anja M. Hahn, Konstantin A. Kholodilin, Sofie R. Waltl, Marco Fongoni
DIW Weekly Report 12 / 2022

Rent Control Reduces Economic Inequality at a Price

Over the course of the 20th century, governments have frequently used rent control to keep rents affordable, especially in times of crisis when housing is scarce. Existing research shows that rent control has undesirable side effects, such as overall societal welfare losses, market misallocation, a declining housing supply, and lower mobility. However, there has been little research examining the effect ...

2022| Konstantin A. Kholodilin, Sebastian Kohl
DIW Weekly Report 1/2 / 2022

Construction Industry: High Price Momentum Continues, Industry Performing Well Despite COVID-19

Sales in the construction industry will continue to increase strongly in 2022 and 2023. Overall, DIW Berlin estimates a nominal increase in construction volume of almost 13 percent in 2022 and six percent in 2023 to 585 billion euros. In 2021, construction volume increased by ten percent to 488 billion euros, which is around 15 percent of GDP. This shows that construction demand remains at a high level ...

2022| Martin Gornig, Claus Michelsen, Laura Pagenhardt
DIW Roundup 139 / 2022

Rent Control Effects through the Lens of Empirical Research

Rent control is a highly debated social policy that has been omnipresent since World War I. Since 2010s, it has been experiencing a true renaissance, for many cities and countries facing housing shortage are desperately looking for solutions of the chronic housing shortage and direct their attention to controlling housing rents and to other restrictive policies. Is rent control useful or does it create ...

2022| Konstantin A. Kholodilin
Externe referierte Aufsätze

Social Policy or Crowding-out? Tenant Protection in Comparative Long-run Perspective

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 (2022), im Ersch. [online first: 2021-03-30] | Sebastian Kohl, Konstantin A. Kholodilin
Externe referierte Aufsätze

Where is the Consumer Center? A Case of St. Petersburg

In an urban economy, the distribution of people and real estate prices depends on the location of the central business district of a city. As distance from the city center increases, both prices and population density diminish, for travel costs increase in terms of time and money. As manufacturing gradually leaves the cities, the importance of consumer amenities as attractors of population to the urban ...

In: Regional Science Policy and Practice (2022), im Ersch. [online first: 2020-06-25] | Konstantin A. Kholodilin, Irina Krylova, Darya Kryutchenko
Monographien

Owner-Occupied Housing Costs and Monetary Policy: Goals and Challenges for the Euro Area: In-Depth Analysis

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 ...

Bruxelles: European Parliament, 2021, 26 S.
(Monetary Dialogue Papers ; November 2021)
| Geraldine Dany-Knedlik, Andrea Papadia
Diskussionspapiere 1972 / 2021

The Hidden Homeownership Welfare State: An International Long-Term Perspective on the Tax Treatment of Homeowners

Welfare is traditionally understood through social security decommodifying labor markets or social investment policies. In the domain of housing, however, welfare for homeowners is largely hidden in the tax codes’ fiscal exemptions. Based on a content analysis of legislation, this paper introduces a novel yearly database of 37 countries between 1910 and 2020 to uncover the “hidden welfare state” of ...

2021| Konstantin A. Kholodilin, Sebastian Kohl, Artem Korzhenevych, Linus Pfeiffer
DIW Weekly Report 1/2 / 2021

German Construction Industry Remains on Its Path of Growth during the Coronavirus Recession

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
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