Language, Agglomeration, and Hispanic Homeownership
Donald Haurin () and
Stuart Rosenthal ()
No 07-04, Working Papers from Ohio State University, Department of Economics
As of the fourth quarter of 2005, 76 percent of white non-Hispanic families owned homes, but only 50 percent of Hispanic families. We argue that low rates of homeownership in Hispanic communities create a self-reinforcing mechanism that contributes to this large disparity. In part, this occurs because proximity to other homeowners belonging to a familyâ€™s social network improves access to information about how to become a homeowner. Role model effects may also be relevant. We investigate these issues using household-level data on out-of-state movers from the 2000 Decennial Census. Three especially important results are obtained. First, proximity to Hispanic homeowners in the 1995 place of residence increases the propensity of a Hispanic family to own a home in 2000. Second, that effect is especially strong with respect to proximity to weak English speaking Hispanic homeowners. Third, these patterns hold regardless of the Hispanic familyâ€™s own ability to speak English. From a policy perspective, these results suggest that local programs designed to promote homeownership among weak English-speaking Hispanic families likely increase Hispanic homeownership beyond just the immediate program participants.
Keywords: Language; Agglomeration; Homeownership (search for similar items in EconPapers)
JEL-codes: R11 R12 R21 (search for similar items in EconPapers)
Pages: 41 pages
New Economics Papers: this item is included in nep-geo and nep-ure
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Journal Article: Language, Agglomeration and Hispanic Homeownership (2009)
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