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• Veranstaltungen // 19.07.2018

  The 2015 European Refugee Crisis and Residential Housing Rents in Germany

  This paper studies the impact of the 2015 mass arrival of refugees to Germany on residential housing rents at county level. Using unique data for 2014 and 2015 on end of year (EoY) county-level refugee [...] offers of flats for rent from Germany’s leading online property broker, we find strong evidence for a negative effect of refugee immigration on rental prices for residential housing in Germany. An increase [...] refugee reception centers and surrounding counties as well as the county-level share of municipalities housing at least one group quarter in 2014 produce even stronger negative price effects; these prices effects
• Publikationen // 06.10.2017

  ZEW Discussion Paper - Do Local Governments Tax Homeowner Communities Differently?

  s" may hence oppose high property taxes in order to protect their housing wealth. Using granular spatial data from a complete housing inventory in the 2011 German Census and historical war damages as a [...] 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
• Veranstaltungen // 20.10.2016

  Income Taxes, Sorting, and the Costs of Housing: Evidence from Municipal Boundaries in Switzerland

  income tax elasticity of rents of about -0.3. We complement this approach with counterfactual calculations that show how the homogenization of taxes across jurisdictions affects housing prices and indirect [...] This paper provides novel evidence on the role of income taxes for residential rents and spatial sorting. Drawing on comprehensive micro-level data, we identify the responsiveness of households to tax
• Veranstaltungen // 31.07.2008

  Optimal Consumption and Taxation of Housing - A Life Cycle Approach

  version, where instead of imputed rent imputed interest on net capital is taxed. Finally, some comments are made on the latest German legislation on including housing into public promotion of private [...] A simple life-cycle model of housing is developed, where saving is either in terms of financial assets or in terms of owner-occupied or rented dwellings. It is shown that, while without taxes optimal
• Publikationen // 10.02.2016

  ZEW Discussion Paper - The Residency Discount for Rents in Germany and the Tenancy Law Reform Act 2001: Evidence from Quantile Regressions

  residency discount in rents for sitting tenants. In the wake of strong rent increases and housing shortages, Germany implemented a reform in 2001 to curtail rent increases. Based on linked housing-tenant data for [...] for Germany, this paper estimates panel OLS and quantile regressions of rents within tenancies. The results show that rents deflated by the CPI increase strongly from 1984 until the reform in 2001, and [...] significant residence discount which decreases in absolute value with tenure. The reform reduces rents, in particular for expensive apartments and for new leases. There is no residency discount after the
• Publikationen // 26.08.2014

  Referierte Fachzeitschrift - The Capitalization of Non-Market Attributes into Regional Housing Rents and Wages: Evidence on German Functional Labor Market Areas
• Projekte // 01.07.2014

  Property Taxes and Rental Housing

  We study the effects of property taxes on housing markets and municipalities. Despite a broad and comprehensive literature on the incidence of property taxes, there is still neither an empirical nor a [...] owners and landlords or to what extent these taxes might be shifted onto tenants, leading to higher rents.