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desk (version 1.1.2)

data.regional: Regional Cost of Living in Germany

Description

This is a data set on regional wages and the regional levels of the cost of living. The data set covers the 401 counties and cities of Germany.

Usage

data.regional

Arguments

Format

A data frame with 401 observations on the following seven variables:

ididentifies the region.
regionthe German name of the region.
areathe region's area (in square kilometers).
popthe region's population in 2019.
colithe region's index number of the cost of living in May 2019 (German average = 100).
wagethe region's median wage in December 2016 (in euro).
unemplthe region's unemployment rate in December 2016 (in percent).

Details

In Auer et al. (2024, Chap. 22) these data are used to illustrate the estimation of simultaneous equations models.

References

Auer, L.v., Hoffmann, S. & Kranz, T. (2024): Ökonometrie - Das R-Arbeitsbuch, 2nd ed., Springer-Gabler (https://www.oekonometrie-lernen.de).

Auer, L.v., Weinand, S. (2022): A nonlinear generalization of the Country-Product-Dummy method, Discussion Paper No. 45/2022, Deutsche Bundesbank.

Fuchs, M. (2018): Aktuelle Daten und Indikatoren - Regionale Lohnunterschiede zwischen Männern und Frauen in Deutschland, Februar 2018, Institut für Arbeitsmarkt- und Berufsforschung (IAB).