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| Title: | 房租管制政策對租金之影響-以德國租屋市場為例
Estimating the Impact of Rent Control on Rents: Germany’s Rental Housing Market as an Example |
| Authors: | 毛栗子
Gomm, Moritz |
| Contributors: | 林左裕
徐士勛
Lin, Tso-Yu Calvin
Hsu, Shih-Hsun
毛栗子
Gomm, Moritz |
| Keywords: | 房租管制政策
德國
差異中的差異
Rent control
German rental market
Difference-in-Difference (DiD)
Denton method
Akaike information criterion (AIC) |
| Date: | 2020 |
| Issue Date: | 2020-11-03 11:31:37 (UTC+8) |
| Abstract: | Five years after the first cities in Germany implemented rent controls, this thesis estimates the effect of the policy on the changes in rents with a difference-in-difference (DiD) approach comparing city-level rents for newly-let apartments. For this purpose, panel data for 110 German cities for the 60 quarters between 2005 and 2019 is used. Because the panel data inhibits unit roots and is therefore non-stationary, the first difference (FD) of the logarithmized time-series for rents as well as quarter-on-quarter changes for socioeconomic time-series are used. In order to overcome that city-level data in Germany is only available on a yearly basis, quarterly data will be derived with the Denton method for smoothing or disaggregation. Results of the analysis suggest that contrary to public opinion, rent control had a statistically significant dampening effect on the development of rents in the first group of cities that implemented the policy. Nevertheless, a lack of new rental supply due to slow building activity vis-à-vis strong in-migration to larger cities remains the main factor for increasing rents. For policy implication, the lack of residential supply will have to be addressed and building activity in larger and more popular cities will have to be increased, if a lasting solution to rising rents wants to be found. |
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| Description: | 碩士
國立政治大學
應用經濟與社會發展英語碩士學位學程(IMES)
107266014 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0107266014 |
| Data Type: | thesis |
| DOI: | 10.6814/NCCU202001764 |
| Appears in Collections: | [應用經濟與社會發展英語碩士學位學程 (IMES)] 學位論文
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| 601401.pdf | | 1942Kb | Adobe PDF2 | 75 | View/Open |
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