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http://hdl.handle.net/10419/33706
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| Title: | | Immigration and housing rents in American cities  |
| Authors: | | Saiz, Albert |
| Issue Date: | | 2006 |
| Series/Report no.: | | IZA Discussion Papers 2189 |
| Abstract: | | Is there a local economic impact of immigration? Immigration pushes up rents and housing values in US destination cities. The positive association of rent growth and immigrant inflows is pervasive in time series for all metropolitan areas. I use instrumental variables based on a shift-share of national levels of immigration into metropolitan areas. An immigration inflow equal to 1% of a city's population is associated with increases in average rents and housing values of about 1%. The results suggest an economic impact that is an order of magnitude bigger than that found in labor markets. |
| Subjects: | | immigration housing prices |
| JEL: | | J61 R23 R31 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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