Room in the Kitchen for the Melting Pot: Immigration and Rental Prices
Room in the Kitchen for the Melting Pot: Immigration and Rental Prices
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DOI:
10.1162/003465303322369687
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发表时间:
2003-08
影响因子:
8
通讯作者:
Albert Saiz
中科院分区:
文献类型:
--
作者:
Albert Saiz
This paper studies the response of housing markets to immigration shocks. Following Card (1990), I examine the changes in rental prices in Miami and three comparison groups after the Mariel boatlift. This exogenous immigration shock added an extra 9 to Miami's renter population in 1980. I find that rents increased from 8 to 11 more in Miami than in the comparison groups between 1979 and 1981. By 1983 the rent differential was still 7. Rental units of higher quality were not affected by the immigration shock. Units occupied by low-income Hispanic residents in 1979 experienced an extra 8 differential hike with respect to other low-income units. Relative housing prices moved in the opposite direction from rents in the short run.