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.
Recommended Citation
Saiz, A., & Wachter, S. M. (2011). Immigration and the Neighborhood. American Economic Journal: Economic Policy, 3 (2), 169-188. http://dx.doi.org/10.1257/pol.3.2.169
Date Posted: 27 November 2017
This document has been peer reviewed.