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|Title:||Changes in the white-black house value distribution gap from 1997 to 2005|
House value gap
|Citation:||Fesselmeyer, E., Le, K.T., Seah, K.Y. (2013). Changes in the white-black house value distribution gap from 1997 to 2005. Regional Science and Urban Economics 43 (1) : 132-141. ScholarBank@NUS Repository. https://doi.org/10.1016/j.regsciurbeco.2012.06.003|
|Abstract:||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 tails of the distribution. © 2012 Elsevier B.V.|
|Source Title:||Regional Science and Urban Economics|
|Appears in Collections:||Staff Publications|
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