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Do House Prices Sink or Ride the Wave of Immigration?

Matthew Larkin, Zohid Askarov (), Chris Doucouliagos (), Chris Dubelaar (), Maria Klona (), Joshua Newton (), T. Stanley () and Andrea Vocino ()
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Zohid Askarov: Deakin University
Chris Dubelaar: Deakin University
Maria Klona: Deakin University
Joshua Newton: Deakin University
Andrea Vocino: Deakin University

No 11497, IZA Discussion Papers from Institute for the Study of Labor (IZA)

Abstract: The sharp rise in international migration is a pressing social and economic issue, as seen in the recent global trend towards nationalism. One major concern is the impact of immigration on housing. We assemble a comprehensive database of 474 estimates of immigration's impact on house prices in 14 destination countries and find that immigration increases house prices, on average. However, attitudes to immigrants moderate this effect. In countries less welcoming to immigrants, house price increases are more limited.

Keywords: immigration; house prices; attitudes; meta-regression (search for similar items in EconPapers)
JEL-codes: F22 R31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eur, nep-int, nep-mig and nep-ure
Date: 2018-04
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