Changes in the white–black house value distribution gap from 1997 to 2005
Eric Fesselmeyer (),
Kien T. Le and
Kiat Ying Sky Seah ()
Regional Science and Urban Economics, 2013, vol. 43, issue 1, 132-141
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.
Keywords: House value gap; Race; Decomposition (search for similar items in EconPapers)
JEL-codes: C21 R23 R30 (search for similar items in EconPapers)
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Working Paper: Changes in the White-Black house value distribution gap from 1997 to 2005 (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:regeco:v:43:y:2013:i:1:p:132-141
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