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作者

来源

JOURNAL OF HOUSING ECONOMICS,Vol.35,P.13-25

语言

英文

关键字

Immigration; Housing price; Housing rent; Spatial model; Spillover effect; LABOR-MARKET; INTERNAL MIGRATION; HEDONIC MODELS; PRICES; IMPACT

作者单位

[Mussa, Abeba] Farmingdale State Coll, Dept Econ, 2350 Broad Hollow Rd, Farmingdale, NY 11735 USA. [Nwaogu, Uwaoma G.] Cent Coll, Econ Accounting & Management Dept, 812 Univ, Pella, IA 50219 USA. [Pozo, Susan] Western Michigan Univ, Dept Econ, 1903 West Michigan Ave, Kalamazoo, MI 49008 USA. Nwaogu, UG (reprint author), Cent Coll, Econ Accounting & Management Dept, 812 Univ, Pella, IA 50219 USA. E-Mail: mussaa@farmingdale.edu; nwaogug@central.edu; susan.pozo@wmich.edu

摘要

In this paper we examine the effect of immigration into the U.S. on the U.S. housing market, both in terms of rents and single family house prices. We model the housing market in a spatial econometrics context using the spatial Durbin model. This approach helps us exploit and capture both the direct and indirect effects of immigration inflows on the U.S. housing market. We find that an increase in immigration inflows into a particular MSA is associated with increases in rents and with house prices in that MSA while also seeming to drive up rents and prices in neighboring MSAs. The patterns observed in the rental and house price markets, along with the larger spillover effects, are consistent with native-flight from immigrant receiving areas. (C) 2017 Elsevier Inc. All rights reserved.