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
Citation
FESSELMEYER, Eric; LE, Kien T.; and SEAH, Kiat Ying.
Changes in the white-black house value distribution gap from 1997 to 2005. (2013). Regional Science and Urban Economics. 43, (1), 132-141.
Available at: https://ink.library.smu.edu.sg/cis_research_all/12
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
http://doi.org/10.1016/j.regsciurbeco.2012.06.003