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Immigration and housing rents in American cities

  • Saiz, Albert

Is there a local economic impact of immigration? Immigration pushes up rents and housing values in destination cities. The positive association of rent growth and immigrant inflows is pervasive in time series for all metropolitan areas. The author uses instrumental variables based on a "shift-share" of national levels of immigration into metropolitan areas. Conditioning on other variables, an immigration inflow equal to 1 percent of the city population is associated with increases in rents and housing values of about 1 percent. The results suggest an economic impact that is an order of magnitude bigger than that found on labor markets.

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Article provided by Elsevier in its journal Journal of Urban Economics.

Volume (Year): 61 (2007)
Issue (Month): 2 (March)
Pages: 345-371

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Handle: RePEc:eee:juecon:v:61:y:2007:i:2:p:345-371
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622905

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  21. G. Donald Jud & John D. Benjamin & G. Stacy Sirmans, 1996. "What Do We Know about Apartments and Their Markets?," Journal of Real Estate Research, American Real Estate Society, vol. 11(3), pages 243-258.
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