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Title: A Household-Level Decomposition of the WhiteBlack Homeownership Gap

Citation Type: Journal Article

Publication Year: 2012

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Abstract: This paper uses a semiparametric homeownership model to estimate and to decompose the household-level whiteblack 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 thedistribution. To illustrate the flexibility of our household-level approach, we decompose the homeownershipgap in cities of varying levels of segregation.

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Authors: Fesselmeyer, Eric; Seah, Kiat Ying; Le, Kien T.

Periodical (Full): Regional Science and Urban Economics

Issue: 1

Volume: 42

Pages: 52-62

Data Collections: IPUMS USA

Topics: Housing and Segregation, Race and Ethnicity

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