Changes in the white–black house value distribution gap from 1997 to 2005
الملخص
This paper examines the white–black house value gap across the entire value distribution. Instead of using standard
conditional mean analysis and decomposition methods (via OLS regression), we estimate and decompose
the changes in the white–black house value gap from 1997 to 2005 using quantile regression. We find that the
racial gap in 1997 and 2005 is mostly explained by differences in housing characteristics of white- and
black-owned houses but that the variation in the racial gap is explained by racial differences in implicit prices
of housing characteristics. Our results show that analysis at the conditional mean masks variations at the tails
of the distribution.
المجموعات
- الأبحاث [275 items ]