Can better housing protect us from extreme weather conditions? Although economists and policymakers are certain about the health implications of housing upgrades, empirical evidence is largely missing or based on small-scale experiments in developing countries. This study provides...

We conduct a survey experiment among 18,000 respondents in Germany to examine the determinants of support for rent control policies. Highlighting undesirable price and supply effects lowers respondents’ agreement with rent control, while pointing out that it can prevent displacement of...

The Tax Cut and Jobs Act (TCJA) altered the tax code, greatly reducingitemization rates. Utilizing American Community Survey data combinedwith the NBER TAXSIM program, we calculate the TCJA caused theaverage homeownership subsidy to decline by 56% from $2,677 in 2017 to$1,171 in 2018. Comparing...

Neighborhoods are the result of a complicated interplay between residential choice, housing supply and the influences of the larger metropolitan system on its constituent parts. We model this interplay as a system of reduced-form equations in order to examine the effects of a generous spatially...

In den Koalitionsverhandlungen wurde ein Paket für bezahlbares Bauen und Wohnen vereinbart. Das Paket enthält unter anderem eine Mietpreisbremse, deren Wirkung die Autoren insbesondere auf längere Sicht kritisch sehen. Sie fürchten, dass dadurch weniger Wohnungen angeboten werden und ein...

The massive increase of real estate prices in some regions of Germany is a direct consequence of the ongoing financial and debt crisis. Low interest rates and high inflation expectations increase the demand for real estate. In addition to a potential price bubble risk, social problems arouse...

Neighborhoods are the result of a complicated interplay between residential choice, housing supply and the influences of the larger metropolitan system on its constituent parts. We model this interplay as a system of reduced-form equations in order to examine the effects of a generous spatially...

In seiner jüngeren Geschichte war Deutschland mit vielen tiefgreifenden ökonomischen Krisen konfrontiert. Diese wirkten sich vollkommen unterschiedlich auf den Wohnimmobilienmarkt aus. Einige Krisen machten sich auf nationaler, andere hingegen lediglich auf regionaler Ebene bemerkbar. Manche...

This paper examines the effects of a generous, spatially-targeted economic development policy (the federal Empowerment Zone program) on local neighborhood characteristics and on the neighborhood quality of life, taking into account the interactions amongst the policy, changes in neighborhood...

We provide evidence that lenders differ in their ex post incentives to internalize price-default externalities associated with the liquidation of collateralized debt. Using the mortgage market as a laboratory, we conjecture that lenders with a large share of outstanding mortgages on their...