Abstract

http://ssrn.com/abstract=931733
 
 

References (22)



 
 

Citations (10)



 


 



Immigration and the Neighborhood


Albert Saiz


University of Pennsylvania - The Wharton School; Institute for the Study of Labor (IZA)

Susan M. Wachter


University of Pennsylvania - Wharton School, Department of Real Estate

November 2006

FRB of Philadelphia Working Paper No. 06-22
IZA Discussion Paper No. 2503

Abstract:     
What impact does immigration have on neighborhood dynamics? Within metropolitan areas, we find that housing values have grown relatively more slowly in neighborhoods of immigrant settlement. We propose three nonexclusive explanations: changes in housing quality, reverse causality, or the hypothesis that natives find immigrant neighbors relatively less attractive (native flight). To instrument for the actual number of new immigrants, we deploy a geographic diffusion model that predicts the number of new immigrants in a neighborhood using lagged densities of the foreign-born in surrounding neighborhoods. Subject to the validity of our instruments, the evidence is consistent with a causal interpretation of an impact from growing immigration density to native flight and relatively slower housing price appreciation. Further evidence indicates that these results may be driven more by the demand for residential segregation based on race and education than by foreignness per se.

Number of Pages in PDF File: 60

Keywords: Immigration, housing prices

JEL Classification: J61, R23, R31

working papers series


Download This Paper

Date posted: September 21, 2006  

Suggested Citation

Saiz, Albert and Wachter, Susan M., Immigration and the Neighborhood (November 2006). FRB of Philadelphia Working Paper No. 06-22; IZA Discussion Paper No. 2503. Available at SSRN: http://ssrn.com/abstract=931733

Contact Information

Albert Saiz (Contact Author)
University of Pennsylvania - The Wharton School ( email )
314 Lauder-Fischer Hall
256 South Street
Philadelphia, PA 19104-6330
United States

Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
Susan M. Wachter
University of Pennsylvania - Wharton School, Department of Real Estate ( email )
The Wharton School
3620 Locust Walk
Philadelphia, PA 19104-6330
United States
215-898-6355 (Phone)

Feedback to SSRN


Paper statistics
Abstract Views: 1,664
Downloads: 284
Download Rank: 61,139
References:  22
Citations:  10

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo4 in 0.297 seconds