Using data from a complete housing inventory in the 2011 German Census and historical war damages as a source of exogenous variation in local homeownership, we provide evidence that otherwise identical jurisdictions charge lower property taxes when the share of homeowners in their population is...

This paper investigates whether and how strongly the share of homeowners in a community affects residential property taxation by local governments. Different from renters, homeowners bear the full property tax burden irrespective of local market conditions, and the tax is more salient to them....

Wohnungsleerstand ist nach wie vor stark in Ostdeutschland konzentriert. Dieser Artikel gibt einen Überblick über Leerstandshöhen in ostdeutschen Gemeinden und arbeitet Faktoren heraus, die eine hohe lokale Leerstandsquote begünstigen. Am Beispiel von Brandenburg und Sachsen-Anhalt wird...

Do women invest differently than men? We contribute to the answer of this question by analysing the Panel on Household Finances (PHF) of the German Bundesbank. This representative panel collects a wide variety of behavioural and financial variables in the area of household finance. We find that...

Individual sales prices and local vacancy rates in the housing market pose a natural analogy to the wage curve, a popular concept in labor economics that describes how individual wages decrease with higher local unemployment. While housing search and matching models and housing externalities...

This paper employs panel data on 413 German counties and cities from 2004 to 2009 to investigate the supply of new single-family housing in local housing markets. New local housing supply is measured by the annual number of construction permits in relation to the existing single-family housing...

Using German regional data for 1998, 2002 and 2006, this study reexamines the Oswald hypothesis, the conjecture that high levels of home ownership lead to inferior outcomes in regional labor markets. Including a set of controls for regional unemployment rates, three different econometric models...

Die Auswirkungen der Finanz- und Wirtschaftskrise auf den Markt für selbst-genutzte Wohnimmobilien in Deutschland sind bislang kaum untersucht. Die-ser Beitrag analysiert die in Folge der Krise auf dem deutschen Eigenheim-markt stattfindenden Anpassungsmechanismen innerhalb eines theoretischen...

Die Bundesregierung hat neue Instrumente der makroprudenziellen Regulierung für den deutschen Hypothekenmarkt geschaffen. Dieser Aufsatz untersucht die Notwendigkeit der Anwendung dieser Instrumente vor dem Hintergrund bestehender Finanzierungsgewohnheiten und Regulierungen. Angesichts der im...