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Title: The Impacts of Asian Immigrants on School Performance and Local Housing Markets in the US

Citation Type: Miscellaneous

Publication Year: 2023

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Abstract: As the fastest-growing racial or ethnic group in the US, Asian immigrants have significantly impacted local housing markets. This paper investigates the effects of Asian immigrants' influx on housing price appreciation, decomposing it into education and non-education channels, using county-level data from 2009 to 2018. To address endogeneity issues, we employ instrumental variables for Asian immigrants' location choices and school performance outcomes. Our findings reveal that housing price appreciation due to Asian immigrants is mainly concentrated in the counties with the top 5% highest Asian population share. An increased Asian students presence leads to higher performance (in terms of test scores) for students of other races. Approximately one-third of housing price appreciation driven by a higher Asian share is attributed to improvements in school performance in neighborhoods. This study highlights a significant channel through which Asian immigration affects the US local housing markets.

Url: https://cre.mit.edu/wp-content/uploads/2023/06/Asian_Immigrant_Project-Eunjee-Kwon.pdf

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Authors: Ang, Amanda; Kwon, Eunjee; Zheng, Siqi

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Data Collections: IPUMS NHGIS

Topics: Education, Housing and Segregation, Migration and Immigration

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