Kathleen Kürschner Rauck
Title
Prof. Dr.
Last Name
Kürschner Rauck
First name
Kathleen
Email
kathleen.kuerschner@unisg.ch
ORCID
Phone
+41 71 224 70 57
8 results
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Item type:Publication, Residential Rent Externalities of Photovoltaic Systems: The Relevance of ViewIn a three-dimensional topographic model of Switzerland, we study how the view at photovoltaic (PV) systems affects residential real estate. Our hedonic difference-in-differences regressions provide evidence that the view at a PV system is associated with lower residential rents. We consider different view types to examine amplifiers and attenuators of these negative externalities. Using municipal voting results and data on electric vehicles, we document causal pathways of the effect that align with stated and lived preferences for sustainability. Similar causal pathways of negative externalities are evident through municipalities’ solar energy production potential and their local demand elasticities for housing.Type:journal articleJournal:Regional Science and Urban EconomicsVolume:114Scopus© Citations 2 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Immigration and Housing Rents: Short‐Run Effects of the 2015 Refugee Crisis in GermanyWe study the impact of the 2015 mass arrival of refugees in Germany on housing rents. Using data on county-level refugee populations and offers of flats for rent from Germany's leading online property broker ImmobilienScout24, we find strong and robust evidence in DiD and IV regressions that refugee immigration adversely affected rental price growth. Additional explorations into native (German) mobility responses, related housing market metrics, and regional effect heterogeneity by prevalence of anti-refugee crimes, crimes against natives involving refugee suspects, neighborhood (1 km grid) characteristics, and local exposure to different types of refugee housing suggest that perceptions of refugee immigration as a (source of) disamenity are major drivers of our findings.Type:journal articleJournal:Journal of Regional ScienceVolume:65Issue:5Scopus© Citations 2 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Low-emission zones, modes of transport and house prices: evidence from Berlin’s commuter belt.(2022-06-15) ;Aydin, ErenWe study the impact of a tightening of a private driving restriction in Germany’s capital, the city of Berlin, on house prices in its affluent suburbs. Using geo-referenced data on train stations, motorway access points and offers of single-family houses for sale from Germany’s leading online property broker ImmobilienScout24 in a spatially staggered DiD framework, we find evidence for sizeable price growth premia for houses located in walking distance of train stations that lie within 30 min commuting duration to Berlin main station. Property located in immediate vicinity (5 min walking distance) of train stations within 30–40 min commuting duration, however, face penalties. Our findings are of relevance for the design of public infrastructure planning policies that seek to accommodate and facilitate changes in local demands for alternative and more environmentally sustainable modes of transport induced by private driving restrictions.Type:journal articleJournal:TransportationScopus© Citations 14 - Some of the metrics are blocked by yourconsent settings
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Item type:Publication, Das gestresste Immunsystem der Immobilienmärktereport 02 2022 Das gestresste Immunsystem der Immobilienmärkte Mit Beginn der Covid-19-Pandemie war ein direkter Einfluss auf die Märkte für Gewerbeimmobilien, Wohnliegenschaften sowie Hypotheken spürbar. Ein Autorenteam der Universität St. Gallen zeigt auf, dass das Virus sich als Stresstest auf die als krisenfest geltenden Immobilien ausgewirkt hat. Sie beschreiben milde und schwerere Krisenverläufe der einzelnen Immobilienarten sowie unterschiedliche Zukunftsszenarien.Type:newspaper articleJournal:Absolut ReportVolume:2022Issue:2 - Some of the metrics are blocked by yourconsent settings
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Item type:Publication, 'Not in my Backyard!' The 2015 Refugee Crisis in GermanyThis paper exploits the sudden mass arrival of refugees to Germany in 2015 to study potential price penalties suffered by residential property in vicinity of refugee reception centers (RRCs). Using novel data on exact locations of publicly-run RRCs in 2014 and 2015 and monthly offers of single-family homes for sale from Germany’s leading online property broker ImmobilienScout24, we find strong evidence in spatial DiD regressions for a sizeable negative effect on house price growth in proximity to such sites. Detached and semi-detached houses located within a 15-minute walking distance of RRCs exhibit, on average, 13 percentage points lower price growth than comparable dwellings beyond this threshold. We corroborate our finding in a battery of robustness tests and additional explorations, including sample restrictions that consider exclusively property on offer for sale within 40 minutes walking distance to RRCs and exogenous variation in the exposure to such sites. ‘Not in my backyard’ (NIMBY) stances among the resident population may explain our finding.Type:working paper