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For many years countries have taken advantage of one another's experiences in formulating social policies and even in designing specific interventions. Often such transfers have occurred on a fairly casual level; sometimes greater rigor has been present. In either case, the goal has been to learn from previous experience-at least to avoid repeating the mistakes of the past. In light of the promise that such intercountry transfers hold, it is somewhat surprising that so little energy has gone into careful analytic work on the behavior of households in differing countries and how they respond to various changes, especially those resulting from shifts in public policy. This lack of careful analysis was a major force that motivated The Urban Institute to establish an international studies program in 1982. This volume represents one of the early products of the collaborative efforts that this initiative has spawned. The results of the comparison of the housing markets in West Germany and the United States presented here offer examples of the type of unexpected conclusions that may emerge from careful analyses as well as more anticipated outcomes. Despite the many similarities in the economies of the United States and West Germany and the general free-market orientation of their housing sectors, the papers in this volume document important differences in the way households make decisions about their housing and the consequences of these decisions.
Since 2010, particularly in urban agglomerations, the German housing market has experienced stark house price and rent increases. Immigration from rural and smaller settlements as well as international migration into German urban areas, has fuelled an increase in housing demand and led to severe housing shortages in some parts of Germany. Incumbent tenants in these areas are often deemed lucky in the general public's discourse. Due to restrictions on rent increases within existing contracts, these sitting tenants pay rents significantly below the market level of new rental contracts whilst living in relatively popular areas. In the context of rising rents and house prices, this implies a growing residency discount, i.e. an increase in the gap of incumbent rents to new contract, market-level rents. However, long-term renting, in the context of changed circumstances from 2010 onwards, might also come at significant costs. Tenants who are dissatisfied with their home might not be capable of moving house or apartment as they may find themselves "locked-in". Using hedonic house price regressions and representative survey panel data, this paper will analyse whether residential mobility of sitting tenants in high rental and housing price areas is indeed restricted due to the aforementioned "lock-in effect".
This book is a treatise on empirical microeconomics: it describes the econometric theory of qualitative choice models and the empirical practice of modeling consumer demand for a heterogeneous commodity, housing. Accordingly, the book has two parts. The first part gives a self-contained survey of discrete choice models with emphasis on nested and related multinomial logit models. The second part concentrates on three sUbstantive questions about housing demand and how they can be answered using discrete choice models. Why combine these two distinct parts in one book? It is the interaction between theory and application in empirical microeconomics on which we focus in this book. Hence, emphasis in the methodological part is on practicability, and emphasis in the applied part is on the usage of the proper econometric specifications. Econometrics means measuring economic phenomena. Because nature (ironically, in the case of economics, this is most often the government) rarely provides us with well-defined economic experiments, measurement of economic phenomena usually requires an elaborate statistical apparatus that is able to separate concurrent and confounding phenomena. Discrete choice models have proved to be a very convenient apparatus to study the complex issues in housing demand. We present models, techniques, and statistical problems of discrete choice in the first and methodological part of the book, written in conventional textbook style.
This book, first published in 2000, compares gender, social equality and welfare issues in Britain and Germany.
Cross-disciplinary and critical in its approach, The SAGE Handbook of Housing Studies is an elucidating look at the key issues within the field. It covers the study of housing retrospectively, but also analyses the future directions of research and theory, demonstrating how it can contribute to wider debates in the social sciences. A comprehensive introductory chapter is followed by four parts offering complete coverage of the area: Markets: examines the perception of housing markets, how they function in different contexts, and the importance of housing behaviour and neighbourhoods Approaches: looks at how other disciplines - economics, geography, and sociology - have informed the direction of housing studies Context: traces the interactions between housing studies and other aspects of society, providing context to debate housing through issues of space, social, welfare and the environment. Policy: is a multi-disciplinary and comprehensive take on the major policy issues and the causes and possible solutions of housing problems such as regeneration and homelessness. Edited by leading names in the field and including international contributions, the book is a stimulating, wide-ranging read that will be an invaluable resource for academics and researchers in geography, urban studies, sociology, social policy, economics and politics.
Increasing labour market flexibility is at the top of the European agenda. A new and challenging view is that lack of mobility in the labour market may arise from rigidities in the housing market. This book brings together top European economists to analyse the interaction between housing and labour markets and provides clear policy messages.
Philipp M. Lersch shows that residential relocations may change individuals’ lives for the better but also for the worse depending on their resources, restrictions and contextual conditions. A comparative analysis of English and German panel data reveals that relocations improve the quality of dwellings on average in both countries but improvements strongly depend on life course stages and economic resources of individuals. Only few individuals improve their neighbourhoods when relocating. Conditions in the housing market are important determinants of these changes. Gender inequality persists in the occupational outcomes of relocations in England and West Germany. Due to institutional conditions, residential trajectories in England exhibit more variation and a higher risk of changes for the worse than in Germany. These innovative findings will inspire further research on the consequences of residential relocations.