Ethnic Identity and Immigrant Homeownership
24 Pages Posted: 23 Oct 2007
Date Written: September 2007
Immigrants are much less likely to own their homes than natives, even after controlling for a broad range of life-cycle and socio-economic characteristics and housing market conditions. This paper extends the analysis of immigrant housing tenure choice by explicitly accounting for ethnic identity as a potential influence on the homeownership decision, using a two-dimensional model of ethnic identity that incorporates attachments to both origin and host cultures. The evidence suggests that immigrants with a stronger commitment to the host country are more likely to achieve homeownership for a given set of socioeconomic and demographic characteristics, regardless of their level of attachment to their home country.
Keywords: ethnicity, ethnic identity, immigration, immigrant integration, homeownership
JEL Classification: R21, F22, J15, Z10
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