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作者

Martin Micheli;Jan Rouwendal;Jasper Dekkers

来源

REAL ESTATE ECONOMICS,Vol.47,Issue3,P.757-783

语言

英文

关键字

作者单位

RWI — Leibniz Institute for Economic Research, Research division Macroeconomics and Public Finance, RWI, Hohenzollernstr, 1–3, 45128 Essen, Germany;Department of Spatial Economics, Vrije Universiteit, De Boelelaan 1105, 1081 HV, Amsterdam, the Netherlands Tinbergen Institute, Gustav Mahlerplein 117, 1082 MS, Amsterdam, the Netherlands;Tinbergen Institute, Gustav Mahlerplein 117, 1082 MS, Amsterdam, the Netherlands

摘要

This article estimates the effect of the Dutch–German border on house prices. We argue that the difference between house prices at the border indicates the willingness to pay to stay in a country compared to living across the border. After a change in the tax rules in 2001, migration from the Netherlands to Germany increased substantially and the gradient of Dutch house price towards the German border steepened. Combining a German and Dutch real estate dataset and using different estimation strategies, we find that asking prices of comparable housing drop by about 16% when one crosses the Dutch–German border.