Immigration and Rental Prices of Residential Housing: Evidence from the Fall of the Berlin Wall
Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking from Verein für Socialpolitik / German Economic Association
This paper exploits the natural experiment provided by the unexpected disintegration of socialist East Germany to study the impact that immigration has on residential housing rents in recipient regions. Using a spatial correlation approach, annual district-level migration data and rental price indicators, we find strong evidence for a positive and sizeable effect of immigration on housing rents. An exploration of exogenous origin-region push factors yields IV estimates of even larger magnitude.
JEL-codes: J61 R21 R23 R31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cta, nep-his, nep-mig, nep-tra and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc17:168092
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