The effect of culture on home‐ownership

Miriam Marcén and Marina Morales

Journal of Regional Science, 2020, vol. 60, issue 1, 56-87

Abstract: In this paper, we analyze the role of culture in determining whether, or not, an individual is a homeowner. We use data on first‐generation immigrants who arrived in the United States under 6 years old. Following the epidemiological approach, any dissimilarity in the proportion of homeowners by country of origin may be interpreted as a consequence of cultural differences. Our estimates indicate that there is a positive and statistically significant relationship between the cultural proxy and the immigrants’ choice of home‐ownership. Additionally, we present evidence of different mechanisms of transmission of culture, which reinforces our results on the cultural effect.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jregsc:v:60:y:2020:i:1:p:56-87

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