Distinguishing Racial Preferences in the Housing Market: Theory and Evidence

Patrick Bayer and Robert McMillan
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Patrick Bayer: Duke University
Robert McMillan: University of Toronto

Chapter 10 in Hedonic Methods in Housing Markets, 2008, pp 225-244 from Springer

Abstract: Given the extent of residential segregation on the basis of race and ethnicity in U.S. cities, it is unsurprising that a long line of research in social science has attempted to better-understand the causes and consequences of segregation. One prominent branch of that literature has used housing market data on the observed patterns of residential sorting and corresponding housing prices to make inferences about (i) the nature of household preferences for the racial composition of their neighborhoods and (ii) the extent to which segregation is driven by centralized discriminatory forces versus the decentralized location decisions of households, given their preferences (Zabel, this Volume, and Hite, this Volume).1

Keywords: Housing Price; Equilibrium Price; Racial Composition; Hedonic Price; School Quality (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1007/978-0-387-76815-1_11

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