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Racial Differences in Homeownership: The Effect of Residential Location

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Author Info
Yongheng Deng (University of Southern California)
Stephen L. Ross (University of Connecticut)
Susan M. Wachter (University of Pennsylvania)

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Abstract

The rate of homeownership among African-American households is considerably lower than white households in American urban areas. This paper examines whether racial differneces in residential location outcomes are among the factors that contribute to the large racial differences in homeownership rates in major US metropolitan areas. Based on the 1985 metropolitan sample of the American Housing Survey for Philadelphia, the paper does not find any evidence that existing racial differences in residential location in Philadelphia decrease the homeownership rate among African Americans. Rather, the empirical evidence suggests that African-American residential location outcomes are associated with lower than expected racial differences in homeownership. Therefore, after controlling for neighborhood, racial differences in homeownership are larger than originally believed, and the ability of racial differences in endowments to explain hoeownership differences is more limited.

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Publisher Info
Paper provided by University of Connecticut, Department of Economics in its series Working papers with number 2002-05.

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Length: 56 pages
Date of creation: Jul 2002
Date of revision:
Publication status: Forthcoming in Regional Science and Urban Economics
Handle: RePEc:uct:uconnp:2002-05

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Related research
Keywords: Homeownership; Residential Location; Race; Credit Constraints; Equity Risk;

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Find related papers by JEL classification:
R21 - Urban, Rural, and Regional Economics - - Household Analysis - - - Housing Demand
J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities and Races; Non-labor Discrimination
D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    Other versions:
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    Other versions:
  10. Amemiya, Takeshi, 1980. "Selection of Regressors," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(2), pages 331-54, June. [Downloadable!] (restricted)
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Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Stephen L. Ross, 2005. "The Continuing Practice and Impact of Discrimination," Working papers 2005-19, University of Connecticut, Department of Economics, revised Jul 2006. [Downloadable!]
  2. Ross, Stephen L. & Zenou, Yves, 2004. "Shirking, Commuting and Labor Market Outcomes," Working Paper Series 627, Research Institute of Industrial Economics. [Downloadable!]
    Other versions:
  3. Ross, Stephen L. & Zenou, Yves, 2008. "Are Shirking and Leisure Substitutable? An Empirical Test of Efficiency Wages based on Urban Economic Theory," CEPR Discussion Papers 6841, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  4. Stephen L. Ross, 2002. "Segregation and Racial Preferences: New Theoretical and Empirical Approaches," Working papers 2002-04, University of Connecticut, Department of Economics, revised Apr 2003. [Downloadable!]
    Other versions:
  5. Maude Toussaint-Comeau & Sherrie L.W. Rhine, 2003. "Tenure choice with location selection: the case of Hispanic neighborhoods in Chicago," Working Paper Series WP-03-05, Federal Reserve Bank of Chicago. [Downloadable!]
  6. Sherrie L.W. Rhine & Maude Toussaint-Comeau, 2004. "The relationship between Hispanic residential location and homeownership," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q III, pages 2-12. [Downloadable!]
  7. John Yinger, 2009. "Hedonic Markets and Explicit Demands: Bid-Function Envelopes for Public Services, Neighborhood Amenities, and Commuting Costs," Center for Policy Research Working Papers 114, Center for Policy Research, Maxwell School, Syracuse University. [Downloadable!]
  8. Hilber, Christian A. L. & Liu, Yingchun, 2007. "Explaining the Black-White Homeownership Gap: The Role of Own Wealth, Parental Externalities and Locational Preferences," MPRA Paper 5136, University Library of Munich, Germany. [Downloadable!]
    Other versions:
  9. Justin Quear & Wallace E. Tyner, 2006. "Development Of Variable Ethanol Subsidy And Comparison With The Fixed Subsidy," Working Papers 06-16, Purdue University, College of Agriculture, Department of Agricultural Economics. [Downloadable!]
  10. Maria I. Marshall, 2006. "Who Chooses To Own A Manufactured Home ?," Working Papers 06-12, Purdue University, College of Agriculture, Department of Agricultural Economics. [Downloadable!]
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