Race and the Value of Owner-Occupied Housing, 1940-1990

30 Pages Posted: 19 Jul 2000 Last revised: 18 Oct 2010

See all articles by William J. Collins

William J. Collins

Vanderbilt University - College of Arts and Science - Department of Economics; The Brookings Institution; National Bureau of Economic Research (NBER)

Robert A. Margo

Boston University - Department of Economics; National Bureau of Economic Research (NBER)

Date Written: June 2000

Abstract

The racial gap in the value of owner occupied housing has narrowed substantially since 1940, but this narrowing has not been even over time or across space. The 1970s stand out as an unusual decade in which the value gap did not narrow despite continued convergence in the observed characteristics of housing. A decline in the relative value of black-owned homes in central cities appears to have offset gains elsewhere during the 1970s, and this central city decline continued into the 1980s. In further exploration of the 1970s, we find evidence of a rising propensity for higher-income blacks to live in the suburbs. We also find a positive correlation between riots in the 1960s and widening of the value gap during the 1970s in a panel of cities.

Suggested Citation

Collins, William J. and Margo, Robert A., Race and the Value of Owner-Occupied Housing, 1940-1990 (June 2000). NBER Working Paper No. w7749. Available at SSRN: https://ssrn.com/abstract=235707

William J. Collins (Contact Author)

Vanderbilt University - College of Arts and Science - Department of Economics ( email )

Box 1819 Station B
Nashville, TN 37235
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615-322-3428 (Phone)

The Brookings Institution

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National Bureau of Economic Research (NBER)

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Robert A. Margo

Boston University - Department of Economics ( email )

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Boston, MA 02215
United States
617-353-6819 (Phone)

National Bureau of Economic Research (NBER)

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