Please use this identifier to cite or link to this item:
https://ah.lib.nccu.edu.tw/handle/140.119/132461| DC Field | Value | Language |
|---|---|---|
| dc.contributor.advisor | 林左裕<br>徐士勛 | zh_TW |
| dc.contributor.advisor | Lin, Tso-Yu Calvin<br>Hsu, Shih-Hsun | en_US |
| dc.contributor.author | 毛栗子 | zh_TW |
| dc.contributor.author | Gomm, Moritz | en_US |
| dc.creator | 毛栗子 | zh_TW |
| dc.creator | Gomm, Moritz | en_US |
| dc.date | 2020 | en_US |
| dc.date.accessioned | 2020-11-03T03:31:37Z | - |
| dc.date.available | 2020-11-03T03:31:37Z | - |
| dc.date.issued | 2020-11-03T03:31:37Z | - |
| dc.identifier | G0107266014 | en_US |
| dc.identifier.uri | http://nccur.lib.nccu.edu.tw/handle/140.119/132461 | - |
| dc.description | 碩士 | zh_TW |
| dc.description | 國立政治大學 | zh_TW |
| dc.description | 應用經濟與社會發展英語碩士學位學程(IMES) | zh_TW |
| dc.description | 107266014 | zh_TW |
| dc.description.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. | en_US |
| dc.description.tableofcontents | Chapter 1: Introduction 1\nChapter 2: Literature Review 3\n2.1 Germany’s Housing Market 3\n2.1.1 A Short Historical Overview of the German Housing Market 3\n2.1.2 Germany’s Rental Housing Market: Why Rents Matter 6\n2.1.3 Recent Developments in Rents and Rent Affordability Between Cities 9\n2.2 Rent Control 16\n2.2.1 Germany’s Introduction of the Rent Brake (“Mietpreisbremse”) 16\n2.2.2 Rent Controls: A General Literature Review 17\n2.2.3 Evaluations of the German Rent Brake 19\n2.2.4 A New Attempt: The “Rent Freeze” in Berlin Since 2020 22\n2.3 The Role of New Rental Supply 23\nChapter 3: Data & Methodology 27\n3.1 Data Sources 27\n3.2 The Difference-in-Difference (DiD) approach 32\n3.3 Unit Roots and Non-Stationarity: Moving from Absolutes to First Differences and Change Rates 38\n3.4 Smoothing of Yearly Data to Quarterly Data with the Denton Method 41\n3.5 Model Selection and Introduction of Lags 46\nChapter 4: Empirical Results 54\n4.1 Final List of Variables 54\n4.2 Econometrical Model and Estimated Effect of Covariates 55\n4.3 The Estimated Treatment Effect of Rent Control 59\n4.4 A Note on New Supply of Residential Rental Space 61\nChapter 5: Conclusion and Policy Implications 62\nReferences 65 | zh_TW |
| dc.format.extent | 1989631 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.source.uri | http://thesis.lib.nccu.edu.tw/record/#G0107266014 | en_US |
| dc.subject | 房租管制政策 | zh_TW |
| dc.subject | 德國 | zh_TW |
| dc.subject | 差異中的差異 | zh_TW |
| dc.subject | Rent control | en_US |
| dc.subject | German rental market | en_US |
| dc.subject | Difference-in-Difference (DiD) | en_US |
| dc.subject | Denton method | en_US |
| dc.subject | Akaike information criterion (AIC) | en_US |
| dc.title | 房租管制政策對租金之影響-以德國租屋市場為例 | zh_TW |
| dc.title | Estimating the Impact of Rent Control on Rents: Germany’s Rental Housing Market as an Example | en_US |
| dc.type | thesis | en_US |
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| dc.identifier.doi | 10.6814/NCCU202001764 | en_US |
| item.cerifentitytype | Publications | - |
| item.grantfulltext | open | - |
| item.openairetype | thesis | - |
| item.fulltext | With Fulltext | - |
| item.openairecristype | http://purl.org/coar/resource_type/c_46ec | - |
| Appears in Collections: | 學位論文 | |
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| 601401.pdf | 1.94 MB | Adobe PDF2 | View/Open |
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