Hiller, Norbert; Lerbs, Oliver W. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2015
This paper investigates the long-run relationships between the size and age composition of a city's population and the price of local housing. For estimation purposes, we combine city-level demographic information with housing price data for 87 cities in Germany over the period 1995-2012....