Titelaufnahme

Titel
The 2015 European refugee crisis and residential housing rents in Germany / Kathleen Kürschner Rauck (Otto von Guericke University Magdeburg), Michael Kvasnicka (Otto von Guericke University Magdeburg, RWI and IZA) ; IZA Institute of Labor Economics
Weitere Titel
The two thousand fifteen European refugee crisis and residential housing rents in Germany
VerfasserKürschner, Kathleen In der Gemeinsamen Normdatei der DNB nachschlagen ; Kvasnicka, Michael In der Gemeinsamen Normdatei der DNB nachschlagen
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBonn, Germany : IZA Institute of Labor Economics, December 2018
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (31 Seiten) : Diagramme, Karten
SerieDiscussion paper ; no. 12047
URNurn:nbn:de:hbz:5:2-175447 Persistent Identifier (URN)
Zugriffsbeschränkung
 Das Dokument ist frei verfügbar.
Volltexte
The 2015 European refugee crisis and residential housing rents in Germany [10.68 mb]
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Zusammenfassung (Englisch)

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.