Publication Type

Journal Article

Version

publishedVersion

Publication Date

1-2013

Abstract

This paper examines the white-black house value gap across the entire value distribution. Instead of using standard conditional mean analysis and decomposition methods (via OLS regression), we estimate and decompose the changes in the white-black house value gap from 1997 to 2005 using quantile regression. We find that the racial gap in 1997 and 2005 is mostly explained by differences in housing characteristics of white- and black-owned houses but that the variation in the racial gap is explained by racial differences in implicit prices of housing characteristics. Our results show that analysis at the conditional mean masks variations at the tails of the distribution. (c) 2012 Elsevier B.V. All rights reserved.

Keywords

House value gap, Race, Decomposition

Discipline

Race and Ethnicity | Real Estate

Research Areas

Applied Microeconomics

Publication

Regional Science and Urban Economics

Volume

43

Issue

1

First Page

132

Last Page

141

ISSN

0166-0462

Identifier

10.1016/j.regsciurbeco.2012.06.003

Publisher

Elsevier

Additional URL

http://doi.org/10.1016/j.regsciurbeco.2012.06.003

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