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Racial Differences in Homeownership and Housing Wealth, 1970-1986

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Author Info
Long, James E
Caudill, Steven B

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Abstract

Black couples are found to own a disproportionately low share of aggregate housing wealth in the United States because they are less likely than whites to be homeowners and because black-owned houses have lower market values than white-owned houses. Probability of ownership and house value equations (corrected for selectivity bias) are estimated with national data for 1970, 1980, and 1986. Trends in racial differences in homeownership and house value are identified and reasons for their existence are investigated. Copyright 1992 by Oxford University Press.

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Publisher Info
Article provided by Oxford University Press in its journal Economic Inquiry.

Volume (Year): 30 (1992)
Issue (Month): 1 (January)
Pages: 83-100
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Handle: RePEc:oup:ecinqu:v:30:y:1992:i:1:p:83-100

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  1. Maury Gittleman & Edward N. Wolff, 2000. "Racial Wealth Disparities: Is the Gap Closing?," Macroeconomics 0004058, EconWPA. [Downloadable!]
    Other versions:
  2. Deborah A. Cobb-Clark & Vincent Hildebrand, 2004. "The Wealth of Mexican Americans," Social and Economic Dimensions of an Aging Population Research Papers 116, McMaster University. [Downloadable!]
    Other versions:
  3. William J. Collins & Robert A. Margo, 2000. "Race and the Value of Owner-Occupied Housing, 1940-1990," Working Papers 0025, Department of Economics, Vanderbilt University, revised Feb 2001. [Downloadable!]
    Other versions:
  4. Raphael Bostic & Brian J. Surette, 2000. "Have the doors opened wider? trends in homeownership rates by race and income," Finance and Economics Discussion Series 2000-31, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
  5. William J. Collins & Robert A. Margo, 2001. "Race and Home Ownership in Twentieth Century America: The Role of Sample Composition," Working Papers 0110, Department of Economics, Vanderbilt University. [Downloadable!]
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