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dc.contributor.authorDiaz-Serrano, Luisen_US
dc.contributor.authorRaya, Josep M.en_US
dc.date.accessioned2011-07-28en_US
dc.date.accessioned2011-11-23T11:34:22Z-
dc.date.available2011-11-23T11:34:22Z-
dc.date.issued2011en_US
dc.identifier.piurn:nbn:de:101:1-201104134005en_US
dc.identifier.urihttp://hdl.handle.net/10419/51745-
dc.description.abstractIn this paper, we investigate whether evidence of discriminatory treatment against immigrants in the Spanish mortgage market exists. More specifically, we test whether, ceteris paribus, immigrant borrowers tend to be charged with higher interest rates on their mortgages than their Spanish born counterparts. To do so, we use a unique dataset on granted mortgages that contains information not only regarding the conditions of the loan but also the socio-economic characteristics of the mortgagors. We observe that immigrants are systematically charged with higher interest rates. We apply the well known Oaxaca-Blinder decomposition to measure the extent to which this disparate treatment of lenders in mortgage pricing against immigrants is due to discrimination. Our results indicate that approximately two thirds of the gap in the interest rate between Spanish born and immigrant borrowers can be attributed to discriminatory treatment.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5578en_US
dc.subject.jelR21en_US
dc.subject.jelG21en_US
dc.subject.jelJ14en_US
dc.subject.ddc330en_US
dc.subject.keywordimmigrationen_US
dc.subject.keyworddiscriminationen_US
dc.subject.keywordmortgage pricingen_US
dc.subject.keywordhousing marketen_US
dc.titleIs there discriminatory mortgage pricing against immigrants in the Spanish lending market?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn665022247en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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