This paper documents effects of a homeownership subsidy's full repeal on the urban-rural residential location choice. First, I document the distribution of population across space for German labor market regions, using official NUTS-3 level population statistics. These labor market regions...

This paper analyzes the effects of German homeownership subsidies on the intra-city rent structure. Using a large-scale micro data set on German rent offerings, I first construct novel city rent indexes that include various rings around cities' CBDs. Using triple differences (TD) frameworks, I...

We examine foreclosure discounts and their subsequent impact on investor returns in Berlin's housing market from 1984 to 2022. Utilizing hedonic regression models and matching techniques on a data set of housing transactions, we determine that foreclosure discounts, ranging from 20% to 50%, are...

Many countries subsidize homeownership, and Germany is no exception. However, for an interlude of 12 years Germany also paused its subsidy. Over these twelve years most of the country's 100 largest cities saw their central city population expand. We explore subsidy removal's role in center...

Subsidizing homeownership makes cities decentralize, so Muth (1967) suggested over half a century ago, and so Voith (1999) and Glaeser (2011) have argued more recently. This paper provides a first quasi-experimental test of "Muth's hypothesis". We analyze a homeownership subsidy's effects on...

This paper analyzes the effects of German homeownership subsidies on the intra-city rent structure. Using a large-scale micro data set on German rent offerings, I first construct novel city rent indexes that include various rings around cities' CBDs. Using triple differences (TD) frameworks, I...

This paper documents effects of a homeownership subsidy's full repeal on the urban-rural residential location choice. First, I document the distribution of population across space for German labor market regions, using official NUTS-3 level population statistics. These labor market regions...

Der Beitrag fasst die wesentlichen Erkenntnisse der kumulativen Dissertation “On the Effects of Homeownership Subsidies on the Spatial Distribution of Population, Housing, and Housing Prices within German Cities and Regions” zusammen, die sich in drei Kapiteln mit den räumlichen...

Many countries subsidize homeownership, and Germany is no exception. However, for an interlude of 12 years Germany also paused its subsidy. Over these twelve years most of the country's 100 largest cities saw their central city population expand. We explore subsidy removal's role in center...