Neighborhood diversity and the appreciation of native- and immigrant-owned homes
This paper examines the effect of neighborhood diversity on the nativity gap in home-value appreciation in Australia. Specifically, immigrant homeowners experienced a 41.7% increase in median home values between 2001 and 2006, while the median value of housing owned by the native-born increased by 59.4% over the same period. We use a semi-parametric decomposition approach to assess the relative importance of the various determinants of home values in producing this gap. We find that the...[Show more]
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|Source:||Regional Science and Urban Economics|
|01_Cobb-Clark_Neighborhood_diversity_and_the_2011.pdf||910.55 kB||Adobe PDF||Request a copy|
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