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Neighborhood diversity and the appreciation of native- and immigrant-owned homes [electronic resource] / Deborah A. Cobb-Clark and Mathias G. Sinning
Bib ID 4835434
Format BookBook, OnlineOnline
Author
Cobb-Clark, Deborah A
 
Online Access
Online Versions
Description [Canberra] : Centre for Economic Policy Research, Australian National University, 2009 
ISBN 9781921693052
Series

PANDORA electronic collection.

Centre for Economic Policy Research discussion papers ; no. 624.

Technical Details

System requirements: Adobe Acrobat reader to access the document in PDF format. 

Mode of access: Internet via World Wide Web. Available at: http://cepr.anu.edu.au/pdf/DP624.pdf 

Summary

"This paper examines the effect of neighborhood diversity on the nativity gap in homevalue appreciation in Australia. Specifically, immigrant homeowners experienced a 41.7 percent increase in median home values between 2001 and 2006, while the median value of housing owned by the native-born increased by 59.4 percent 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 differential returns to housing wealth are not related to changes in the nature of the houses or the neighborhoods in which immigrants and native-born homeowners live. Rather, the gap stems from the fact that over time there were differential changes across groups in the hedonic prices (i.e., returns) associated with the underlying determinants of home values"--Abstract.

Notes

Title from title screen (viewed on 6 May 2010)

"October 2009".

Includes bibliographical references (p. 30-33)

Text and graphics.

Selected for archiving

Subjects Immigrants -- Housing -- Australia.  |  Infrastructure (Economics) -- Australia.  |  Housing -- Australia -- Social aspects.
Other authors/contributors Sinning, Mathias G  |  Australian National University. Centre for Economic Policy Research

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