Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/29927
Authors: 
Cobb-Clark, Deborah A.
Sinning, Mathias G.
Year of Publication: 
2009
Series/Report no.: 
Ruhr economic papers 137
Abstract: 
This paper examines the effect of neighborhood diversity on the nativity gap in homevalue appreciation in Australia. Specifically, immigrant homeowners experienced a 41.7 percent increase in median home values between 2001 and 2006, while the median value of housing owned by the native-born increased by 59.4 percent over the same period. We use a semi-parametric decomposition approach to assess the relative importance of the various determinants of home values in producing this gap. We find that the differential returns to housing wealth are not related to changes in the nature of the houses or the neighborhoods in which immigrants and native-born homeowners live. Rather, the gap stems from the fact that over time there were differential changes across groups in the hedonic prices (i.e., returns) associated with the underlying determinants of home values.
Subjects: 
International migration
home-ownership
decomposition analysis
JEL: 
F22
D31
ISBN: 
978-3-86788-155-5
Document Type: 
Working Paper

Files in This Item:
File
Size
225.96 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.