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http://ssrn.com/abstract=181635
 
 

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Ethnicity, Endogeneity, and Housing Tenure Choice


Steven C. Bourassa


University of Louisville - School of Urban & Public Affairs


The Journal of Real Estate Finance and Economics, Vol. 20, No. 3

Abstract:     
Home ownership rates for New Zealanders of European descent aged 25 to 54 are 16 percentage points higher than for Maori in the same age group. This paper explores the relative attainment of home ownership of the two ethnic groups by estimating a series of tenure choice models and decomposing the difference in rates into "endowment" and "residual" effects. Particular attention is given to the endogeneity of current income and wealth relative to the tenure choice decision, and to the methods for decomposing group mean differences. The paper also applies more appropriate methods for estimating incomes and wealth than have been used in most previous studies of tenure choice. The study concludes that only a small proportion of differences in home ownership rates is explained by household endowments. It is shown that controlling for the endogeneity of income and wealth has a substantial impact on the tenure choice and decomposition results.

JEL Classification: R21, R29

Accepted Paper Series


Not Available For Download

Date posted: October 22, 1999  

Suggested Citation

Bourassa, Steven C., Ethnicity, Endogeneity, and Housing Tenure Choice. The Journal of Real Estate Finance and Economics, Vol. 20, No. 3. Available at SSRN: http://ssrn.com/abstract=181635

Contact Information

Steven C. Bourassa (Contact Author)
University of Louisville - School of Urban & Public Affairs ( email )
426 W. Bloom Street
Louisville, KY 40208
United States
502-852-5720 (Phone)
502-852-4558 (Fax)
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