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Weekly Report

Construction industry momentum continues – state stimulus impacts prices

By Martin Gornig, Claus Michelsen, and Martin Bruns According to the German Institute for Economic Research construction volume forecast, the country’s construction industry will continue to flourish in the coming years. Companies can count on a rise in the nominal construction volume of around 7.5 percent in 2019 and 6.5 percent next year. The industry’s business cycle continues ...

14.01.2019| Martin Johannes Bruns, Martin Gornig, Claus Michelsen
DIW Weekly Report 1/2 / 2019

Construction Industry Momentum Continues – State Stimulus Impacts Prices

According to the German Institute for Economic Research construction volume forecast, the country’s construction industry will continue to flourish in the coming years. Companies can count on a rise in the nominal construction volume of around 7.5 percent in 2019 and 6.5 percent next year. The industry’s business cycle continues to be supported by the flourishing residential construction sector, which ...

2019| Martin Gornig, Claus Michelsen, Martin Bruns
Diskussionspapiere 1778 / 2019

Social Policy or Crowding-Out? Tenant Protection in Comparative Long-Run Perspective

In the shadow of homeownership and public housing, social policy through the regulation of private rental markets is a neglected and underestimated field of social policy. This paper, therefore, presents unique new data on the development of private tenancy legislation through the binary coding of rent control, the protection of tenants from eviction, and rental housing rationing laws across more than ...

2019| Konstantin A. Kholodilin, Sebastian Kohl, Yulia Prozorova, Julien Licheron
DIW Weekly Report 32 / 2019

High Risk of a Housing Bubble in Germany and Most OECD Countries

Housing prices in many countries have increased significantly over the past years, fueling a fear that speculative price bubbles will return. However, it can be difficult for policymakers to recognize when regulatory interventions in the market are necessary to counteract bubbles. This report shows how modern machine learning methods can be used to forecast speculative price bubbles at an early stage. ...

2019| Konstantin A. Kholodilin, Claus Michelsen
Press Release

Increasing numbers of older individuals in Germany burdened by housing costs

Housing costs have risen sharply since 1996, especially for renters - Two thirds of older renting households spend over 30 percent of their income on rent compared with 38 percent in 1996 – People living alone in particular are affected by high housing costs

03.07.2019
SOEPpapers 1029 / 2019

Living Conditions and the Mental Health and Well-being of Refugees: Evidence from a Representative German Panel Study

The mental health and well-being of refugees are both prerequisites for and indicators of social integration. Using data from the first wave of a representative prospective panel of refugees living in Germany, we investigated how different living conditions, especially those subject to integration policies, are associated with experienced distress and life satisfaction in newly-arrived adult refugees. ...

2019| Lena Walther, Lukas M. Fuchs, Jürgen Schupp, Christian von Scheve
Externe referierte Aufsätze

The Effects of Second-Generation Rent Control on Land Values

Second generation rent control seeks to prevent negative quantity effects by exempting newly built units. The artificially lowered rent in the controlled segment makes renting attractive for households that would otherwise not have rented in the market, replacing households with higher willingness to pay for housing. These households bid up prices in the free market segment, giving rise to an opposite-sign ...

In: AEA Papers and Proceedings 109 (2019), S. 385-388 | Andreas Mense, Claus Michelsen, Konstantin A. Kholodilin
SOEP Brown Bag Seminar

Do immigrants prefer regions in which people are generally more open towards immigrants and immigration?

In my dissertation, I analyse the effect of migrant-open climate on immigrant location choice: Do immigrants prefer regions in which people are generally more open towards immigrants and immigration? I argue that to maximise well-being, immigrants reduce their risk of facing discrimination by choosing regions of residence in which migrant-open climate is higher.To capture revealed...

10.05.2019| Vera Guill (BGSS)
Externe referierte Aufsätze

The Preservation of Historic Districts - Is It Worth It?

I investigate the welfare effect of conservation areas that preserve historic districts by regulating development. Such regulation may improve the quality of life but does so by reducing housing productivity—that is, the efficiency with which inputs (land and non-land) are converted into housing services. Using a unique panel dataset for English cities and an instrumental variable approach, I find ...

In: Journal of Economic Geography 19 (2019), 2, S. 433-464 | Sevrin Waights
SOEPpapers 1009 / 2018

Housing Expenditures and Income Inequality

In this paper, we show that, in terms of real disposable income, changes in housing expenditures dramatically exacerbate the trend of income inequality that has risen sharply in Germany since the mid-1990s. More specifically, whereas the 50/10 ratio of net household income increasesby 22 percentage points (pp) between 1993 and 2013, it increases by 62 pp for income net of housing expenditures. At the ...

2018| Christian Dustmann, Bernd Fitzenberger, Markus Zimmermann
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