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Paper eres2010_128:
A HOUSEHOLD-LEVEL DECOMPOSITION OF THE BLACK-WHITE HOMEOWNERSHIP GAP DISTRIBUTION

id eres2010_128
authors Fesselmeyer, Eric; Le, Kien; Seah, Kiat Ying
year 2010
title A HOUSEHOLD-LEVEL DECOMPOSITION OF THE BLACK-WHITE HOMEOWNERSHIP GAP DISTRIBUTION
source 17th Annual European Real Estate Society Conference in Milan, Italy
summary This paper decomposes the black-white gap in homeownership propensity into an endowment component and a residual component across its distribution. We document evidence that supports the view that the racial gap differs across its distribution and that studies that only examine the gap at the conditional means are misleading. We find that although household characteristics could explain the racial gap for households that are more likely to own homes, there is still a substantial portion of the gap that remains unexplained particularly for households with a low propensity to own homes. We estimate the counterfactual distribution using a semiparametric procedure which has the advantage of looking at disaggregated data and does not restrict the sample data to segregated neighborhoods. We illustrate this flexibility by decomposing the racial gap at the city-level.
keywords Homeownership, Race, Segregation
series ERES:conference
email ecsef@nus.edu.sg
more http://www.eres2010.org/index.asp?page=papers_download
content file.pdf (169,925 bytes)
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ratings
session Housing Economics (4)
last changed 2010/08/04 20:47
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