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Whether individuals and job opportunities are well connected is a key determinant of productive urban labor markets. The overall level of job accessibility in a city depends on the locations of jobs and workers' residences, as well as transport networks. Moreover, who has good access to job...
Persistent link: https://www.econbiz.de/10012002472
The rising concentration of low-income households and ethnic minorities has become an important policy issue in Germany. The Ruhr Area is particularly interesting, because it is one of the largest conurbations in Europe and experienced radical structural changes in the past, which are connected...
Persistent link: https://www.econbiz.de/10012549543
This paper quantifies the marginal willingness to pay for a reduction of automobile traffic. By using a new structural approach in a hedonic framework by Bishop and Timmins 2019 we are able to avoid common issues in hedonic studies using instrumental variables. Our analysis is based on data from...
Persistent link: https://www.econbiz.de/10012487510
We study market rents in the neighborhood of asylum seeker hosting centers. Our empirical setting exploits the quasi-random opening of centers and spatial allocation of asylum seekers in Switzerland. Rents within 0.7km of an active center are found on average to be 3.8% lower than rents in the...
Persistent link: https://www.econbiz.de/10014251417
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or demand, respectively, is expected to be zero, as corresponding costs are already included in the warm rent. If the …
Persistent link: https://www.econbiz.de/10014416043
on both sides would imply that the monthly net rent should reflect (with opposite sign) differences in expected monthly …
Persistent link: https://www.econbiz.de/10013162168
Disequilibrium in the housing market can be detected by comparing the actual price-rent ratio with its equilibrium … presence of omitted variables. Applying this method to a data set consisting of 730,000 individual price and rent transactions … we find that quality adjusting significantly reduces the actual price-rent ratio. We then insert these quality adjusted …
Persistent link: https://www.econbiz.de/10010359516
that are especially useful, namely price-to-rent ratios, the business confidence at the national level, and consumer …
Persistent link: https://www.econbiz.de/10010482020