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Full-Text Articles in Social and Behavioral Sciences
Estimating And Decomposing Changes In The White-Black Homeownership Gap From 2005 To 2011, Kiat Ying Seah, Eric Fesselmeyer, Kien Le
Estimating And Decomposing Changes In The White-Black Homeownership Gap From 2005 To 2011, Kiat Ying Seah, Eric Fesselmeyer, Kien Le
Research Collection College of Integrative Studies
This study evaluates the effects of the recent US housing bust on the White-Black homeownership gap by estimating and decomposing the changes in the distribution of the gap between 2005 and 2011. Our analysis shows that the housing bust did not affect the homeownership gap uniformly. In fact, we find that the gap decreased for households that were the least likely to own and remained unchanged for households that were the most likely to own, and that Black households with around a 50% probability of homeownership were especially vulnerable to the crisis. We also find that the contribution of the …
Estimating And Decomposing Changes In The White-Black Homeownership Gap From 2005 To 2011, Kiat Ying Seah, Eric Fesselmeyer, Kien Le
Estimating And Decomposing Changes In The White-Black Homeownership Gap From 2005 To 2011, Kiat Ying Seah, Eric Fesselmeyer, Kien Le
Research Collection College of Integrative Studies
This study evaluates the effects of the recent US housing bust on the White-Black homeownership gap by estimating and decomposing the changes in the distribution of the gap between 2005 and 2011. Our analysis shows that the housing bust did not affect the homeownership gap uniformly. In fact, we find that the gap decreased for households that were the least likely to own and remained unchanged for households that were the most likely to own, and that Black households with around a 50% probability of homeownership were especially vulnerable to the crisis. We also find that the contribution of the …
Changes In The White-Black House Value Distribution Gap From 1997 To 2005, Eric Fesselmeyer, Kien T. Le, Kiat Ying Seah
Changes In The White-Black House Value Distribution Gap From 1997 To 2005, Eric Fesselmeyer, Kien T. Le, Kiat Ying Seah
Research Collection College of Integrative Studies
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 …
Changes In The White-Black House Value Distribution Gap From 1997 To 2005, Eric Fesselmeyer, Kien T. Le, Kiat Ying Seah
Changes In The White-Black House Value Distribution Gap From 1997 To 2005, Eric Fesselmeyer, Kien T. Le, Kiat Ying Seah
Research Collection College of Integrative Studies
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 …