Real Estate Papers

Document Type

Journal Article

Date of this Version

5-2011

Publication Source

American Economic Journal: Economic Policy

Volume

3

Issue

2

Start Page

169

Last Page

188

DOI

10.1257/pol.3.2.169

Abstract

Within metropolitan areas, neighborhoods of growing immigrant settlement are becoming relatively less desirable to natives. We deploy a geographic diffusion model to instrument for the growth of immigrant density in a neighborhood. Our approach deals explicitly with potential unobservable shocks that may be correlated with proximity to immigrant enclaves. The evidence is consistent with a causal interpretation of an impact from growing immigrant density to native flight and relatively slower housing value appreciation. Further evidence indicates that these results are driven more by the demand for residential segregation based on ethnicity and education than by foreignness per se.

Copyright/Permission Statement

Copyright © 2011 by the American Economic Association.full citation, including the name of the author. Saiz, Albert, and Susan Wachter. 2011. "Immigration and the Neighborhood." American Economic Journal: Economic Policy, 3(2): 169-88.

Included in

Real Estate Commons

Share

COinS
 

Date Posted: 27 November 2017

This document has been peer reviewed.