Send Them Back? The Real Estate Consequences of Repatriations

70 Pages Posted: 18 Nov 2021 Last revised: 19 Dec 2023

See all articles by Gustavo Cortes

Gustavo Cortes

Warrington College of Business, University of Florida

Vinicios Sant'Anna

MIT Center for Real Estate

Multiple version iconThere are 2 versions of this paper

Date Written: December 14, 2023

Abstract

We examine how the 1930s Mexican repatriation affected housing markets in the US. We develop a novel automated matching technique to link addresses across the 1930 and 1940 Censuses and show that repatriating Mexicans during the Great Depression negatively affected U.S. housing. The mass outflow of immigrants led to a significant fall in house values and rents of houses previously occupied by Mexicans, with spillovers on the house values of US-born neighbors and depressed aggregate housing wealth growth in U.S. cities. Our results suggest that repatriations have a long-lasting negative impact on housing wealth.

Keywords: Immigration, Anti-Immigration Policies, Real Estate, Housing, Great Depression

JEL Classification: R31, G01, N12, J15, J61

Suggested Citation

Cortes, Gustavo and Sant'Anna, Vinicios, Send Them Back? The Real Estate Consequences of Repatriations (December 14, 2023). Available at SSRN: https://ssrn.com/abstract=3962277 or http://dx.doi.org/10.2139/ssrn.3962277

Gustavo Cortes

Warrington College of Business, University of Florida ( email )

P.O. Box 117168
Gainesville, FL 32611
United States

HOME PAGE: http://warrington.ufl.edu/directory/person/9136/

Vinicios Sant'Anna (Contact Author)

MIT Center for Real Estate ( email )

United States

HOME PAGE: http://www.vpsantanna.com/

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