Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.regsciurbeco.2012.06.003
Title: Changes in the white-black house value distribution gap from 1997 to 2005
Authors: Fesselmeyer, E.
Le, K.T.
Seah, K.Y. 
Keywords: Decomposition
House value gap
Race
Issue Date: 2013
Source: 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
URI: http://scholarbank.nus.edu.sg/handle/10635/46093
ISSN: 01660462
DOI: 10.1016/j.regsciurbeco.2012.06.003
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