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作者

来源

来源 JOURNAL OF URBAN ECONOMICS,Vol.59,P.537-554

语言

英文

关键字

Tenure transition;Duration model;Racial segregation;Demographics;Neighborhood characteristics;First-time homeownership

作者单位

Urban Affairs and Planning, Virginia Polytechnic Institute and State University, 301 Architecture Annex, Urban Affairs and Planning (0113), Virginia Tech, Blacksburg, VA 24061, USA"}]},{"#name":"correspondence","$":{"id":"cor001;Urban Affairs and Planning, Virginia Polytechnic Institute and State University, 301 Architecture Annex, Urban Affairs and Planning (0113), Virginia Tech, Blacksburg, VA 24061, USA"}]}},"correspondences":{"cor001":{"#name":"correspondence","$":{"id":"cor001

摘要

Evidence suggests that African Americans wait longer to transition into first-time homeownership than white households with similar endowments. This paper relies on data from the Panel Study of Income Dynamics (PSID) to examine the contribution of residential location toward the black–white gap in first-time homeownership transitions. For a sample of young renters who first left their parents' home during the period 1978 through 1987, I estimate continuous time duration models that explain racial gaps in rental tenure durations prior to first-time homeownership as a function of individual, household, and location-specific covariates. I find that while several residential location characteristics, particularly those associated with the supply of affordable owner-occupied housing, impinge upon racial gaps in first-time homeownership transitions, most of the racial gap in homeownership transitions would be eliminated if blacks and whites had similar individual and household characteristics.