Room in the Kitchen for the Melting Pot: Immigration and Rental Prices

Loading...
Thumbnail Image
Penn collection
Real Estate Papers
Degree type
Discipline
Subject
Economics
Real Estate
Funder
Grant number
License
Copyright date
Distributor
Related resources
Author
Saiz, Albert
Contributor
Abstract

This paper studies the response of housing markets to immigration shocks. Following Card (1990), I examine the changes in rental prices in Miami and three comparison groups after the Mariel boatlift. This exogenous immigration shock added an extra 9% to Miami's renter population in 1980. I find that rents increased from 8% to 11% more in Miami than in the comparison groups between 1979 and 1981. By 1983 the rent differential was still 7%. Rental units of higher quality were not affected by the immigration shock. Units occupied by low-income Hispanic residents in 1979 experienced an extra 8% differential hike with respect to other low-income units. Relative housing prices moved in the opposite direction from rents in the short run.

Advisor
Date Range for Data Collection (Start Date)
Date Range for Data Collection (End Date)
Digital Object Identifier
Series name and number
Publication date
2003-08-01
Journal title
The Review of Economics and Statistics
Volume number
Issue number
Publisher
Publisher DOI
Journal Issue
Comments
Recommended citation
Collection