A household-level decomposition of the white-black homeownership gap

This paper uses a semiparametric homeownership model to estimate and to decompose the household-level white-black homeownership gap into an endowment component and a residual component across the distribution of homeownership rates. We find that the racial gap differs across homeownership rates and...

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Main Authors: FESSELMEYER, Eric, LE, Kien T., SEAH, Kiat Ying
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Language:English
Published: Institutional Knowledge at Singapore Management University 2012
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Online Access:https://ink.library.smu.edu.sg/cis_research/11
https://ink.library.smu.edu.sg/context/cis_research/article/1010/viewcontent/2015_9P360_422.pdf
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spelling sg-smu-ink.cis_research-10102022-10-21T03:15:28Z A household-level decomposition of the white-black homeownership gap FESSELMEYER, Eric LE, Kien T. SEAH, Kiat Ying This paper uses a semiparametric homeownership model to estimate and to decompose the household-level white-black homeownership gap into an endowment component and a residual component across the distribution of homeownership rates. We find that the racial gap differs across homeownership rates and that studies that examine the gap only at the mean may be misleading. We also find that although household characteristics explain the homeownership gap for most households, there is a substantial portion of the gap that remains unexplained for households with a very low propensity to own homes. A comparison of the estimates from the semiparametric model and a probit model suggests that the semiparametric approach is able to capture the heterogeneity structure between the ethnic groups, particularly in the tails of the distribution. To illustrate the flexibility of our household-level approach, we decompose the homeownership gap in cities of varying levels of segregation. 2012-01-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/cis_research/11 info:doi/10.1016/j.regsciurbeco.2011.05.002 https://ink.library.smu.edu.sg/context/cis_research/article/1010/viewcontent/2015_9P360_422.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection College of Integrative Studies eng Institutional Knowledge at Singapore Management University Homeownership Race Segregation Economics Race and Ethnicity
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Homeownership
Race
Segregation
Economics
Race and Ethnicity
spellingShingle Homeownership
Race
Segregation
Economics
Race and Ethnicity
FESSELMEYER, Eric
LE, Kien T.
SEAH, Kiat Ying
A household-level decomposition of the white-black homeownership gap
description This paper uses a semiparametric homeownership model to estimate and to decompose the household-level white-black homeownership gap into an endowment component and a residual component across the distribution of homeownership rates. We find that the racial gap differs across homeownership rates and that studies that examine the gap only at the mean may be misleading. We also find that although household characteristics explain the homeownership gap for most households, there is a substantial portion of the gap that remains unexplained for households with a very low propensity to own homes. A comparison of the estimates from the semiparametric model and a probit model suggests that the semiparametric approach is able to capture the heterogeneity structure between the ethnic groups, particularly in the tails of the distribution. To illustrate the flexibility of our household-level approach, we decompose the homeownership gap in cities of varying levels of segregation.
format text
author FESSELMEYER, Eric
LE, Kien T.
SEAH, Kiat Ying
author_facet FESSELMEYER, Eric
LE, Kien T.
SEAH, Kiat Ying
author_sort FESSELMEYER, Eric
title A household-level decomposition of the white-black homeownership gap
title_short A household-level decomposition of the white-black homeownership gap
title_full A household-level decomposition of the white-black homeownership gap
title_fullStr A household-level decomposition of the white-black homeownership gap
title_full_unstemmed A household-level decomposition of the white-black homeownership gap
title_sort household-level decomposition of the white-black homeownership gap
publisher Institutional Knowledge at Singapore Management University
publishDate 2012
url https://ink.library.smu.edu.sg/cis_research/11
https://ink.library.smu.edu.sg/context/cis_research/article/1010/viewcontent/2015_9P360_422.pdf
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