The housing market is both large and complex. This paper develops a simple model that captures the essential features of the supply and demand for housing, and which is used to evaluate the impact of a range of policy interventions. Increases in the stock of housing would reduce rents and house...

Verfolgt man die aktuelle Diskussion, kann man den Eindruck gewinnen, dass Wohnraum unbezahlbar geworden sei. Doch ist dieser Anschein gerechtfertigt? Wird Wohnen tatsachlich insgesamt teurer oder entspricht der Anstieg der allgemeinen Lohn- und Preisentwicklung? Steigen die Preise in der Breite...

Die Situation am deutschen Wohnungsmarkt ist aktuell Gegenstand einer breiten gesellschaftlichen Diskussion. Ein deutlicher Nachfrageüberhang, der sich vorwiegend - aber nicht ausschließlich - auf urbane Räume konzentriert, hat in den letzten Jahren zu einem deutlichen Preisanstieg sowohl bei...

Relational contracts when employed as a tool of economic policy create mutual dependency between State and enterprises. This bluntly contradicts the principles of „Ordnungspolitik" as the key policy device to ensure efficiency on the microeconomic level and growth on the macroeconomic level....

Governments may draft contracts with market agents for allocating subsidies and pursuing specific policy goals. Contract enforcement via binding commitments is difficult, however, when exogenous (environmental) and endogenous (behavioural) risks interact. Analyzing the old debt compromise in...

With the ageing of the European population, the housing choices of the elderly will have consequences on the whole housing market. In this paper we use data from the first two waves of the Survey of Health, Ageing and Retirement in Europe (SHARE) to analyse the residential mobility decisions of...

A wide range of aggregate data is used to examine the spatial variation in homeownership rates among a cross-section of 96 German planning regions. The analysis accounts for potential endogeneity of prices and affordability as well as for spatial dependence in homeownership levels. In addition...

China's Hukou system poses severe restrictions on labor mobility. This paper assesses the consequences of relaxing these restrictions for China's internal economic geography. We base our analysis on a new economic geography model. First, we obtain estimates of the important model parameters on...

Vor dem Hintergrund der zunehmenden Internationalisierung der Arbeits- und Ausbildungsmärkte in Deutschland wird der Zugang zu qualitativ gutem und bezahlbarem Wohnraum zu einem wichtigen Standort- und Wettbewerbsfaktor. Die Verfügbarkeit von Wohnraum ist zudem eine wichtige Voraussetzung für...

Housing and health are critical issues for policymakers and the public. Secure and affordable housing, along with quick access to required health and social care, are considered essential services for the public and are key targets for planners. In Ireland, as in many countries, the need to...