Housing Market Responses to Immigration

Released on by Sona Kalantaryan
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  • Housing Market Responses to Immigration Book Detail

  • Author : Sona Kalantaryan
  • Release Date : 2014
  • Publisher :
  • Genre : Immigrants
  • Pages : 0
  • ISBN 13 :
  • File Size : 29,29 MB
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Housing Market Responses to Immigration by Sona Kalantaryan PDF Summary

Book Description: In this study I empirically examine the impact of immigration on the dynamics of housing prices across Italian provinces from 1996 till 2007. The massive debate upon the impact of current intensive immigration flows on the wellbeing of the native Italian population and Europeans in general is mainly focused on labor market outcomes which is, however, only one of the channels though which the real income and wealth can alter. This paper contributes to our understanding of the influence that recent intensive immigration flows have on the Italian economy by estimating its impact on the housing market. Moreover, it exploits different methodological approach with respect to the approach dominating in migration literature. Using the number of valid residence permits as a measure of immigration stock and the self-reported housing values from the Survey of Households Income Wealth in Italy I find that the increase in the concentration of immigrants in the Italian provinces has a positive but declining effect on the average housing prices in provinces. The obtained results also indicate that an increase of in immigrant population leads to an increase in average housing prices. The performed Difference and System GMM estimations confirm both the positive response of average housing prices to the increase in immigrant population and the non-linearity of its response to immigrants' concentration in all specifications.

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Housing Market Responses to Immigration

Housing Market Responses to Immigration

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In this study I empirically examine the impact of immigration on the dynamics of housing prices across Italian provinces from 1996 till 2007. The massive debate