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The 2015 European refugee crisis and residential housing rents in Germany
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| Authors and Corporations: | , |
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| Other Authors: | Kvasnicka, Michael 1972- [Author] |
| Type of Resource: | E-Book |
| Language: | English |
| published: |
Bonn, Germany
IZA
December 2018
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| Series: |
Forschungsinstitut zur Zukunft der Arbeit: Discussion paper series ; no. 12047
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| Source: | Verbunddaten SWB Lizenzfreie Online-Ressourcen |
| Summary: | We study the impact of the 2015 mass arrival of refugees to Germany on residential housing rents. Using unique data on end of year county-level refugee populations and data on monthly offers of flats for rent from Germany's leading online property broker Immobilienscout24, we find strong evidence in difference-in-differences regressions for a negative effect of refugee immigration on rental prices. Adverse price effects, however, appear attenuated in the heyday of the crisis in late 2015 if a larger share of refugees is housed in decentralized accommodation. Various robustness checks corroborate our findings, including IV regressions that exploit for identification information on the pre-crisis location of refugee reception centers and group quarters. |
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| Physical Description: | 1 Online-Ressource (circa 34 Seiten); Illustrationen |