{"title":"Ethnic diversity and homeownership","authors":"Sefa Awaworyi Churchill, Russell Smyth","doi":"10.1111/1467-8454.12336","DOIUrl":null,"url":null,"abstract":"<p>We examine the impact of neighbourhood ethnic diversity on homeownership using 19 waves of household panel data from the Household, Income and Labour Dynamics in Australia survey. We find that ethnic diversity is associated with a lower probability of homeownership. Specifically, a movement from complete ethnic homogeneity to complete heterogeneity is associated with up to a 31.3 percentage point decrease in the probability of homeownership. Our results also show that trust, neighbourhood satisfaction and belongingness, which are lower in ethnically diverse neighbourhoods, are important channels through which ethnic diversity operates to reduce the probability of homeownership. We suggest policies to promote trust in multicultural societies with high levels of ethnic diversity with a view to addressing the negative relationship between ethnic diversity and homeownership.</p>","PeriodicalId":46169,"journal":{"name":"Australian Economic Papers","volume":"63 3","pages":"449-472"},"PeriodicalIF":1.2000,"publicationDate":"2024-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8454.12336","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Australian Economic Papers","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/1467-8454.12336","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
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Abstract
We examine the impact of neighbourhood ethnic diversity on homeownership using 19 waves of household panel data from the Household, Income and Labour Dynamics in Australia survey. We find that ethnic diversity is associated with a lower probability of homeownership. Specifically, a movement from complete ethnic homogeneity to complete heterogeneity is associated with up to a 31.3 percentage point decrease in the probability of homeownership. Our results also show that trust, neighbourhood satisfaction and belongingness, which are lower in ethnically diverse neighbourhoods, are important channels through which ethnic diversity operates to reduce the probability of homeownership. We suggest policies to promote trust in multicultural societies with high levels of ethnic diversity with a view to addressing the negative relationship between ethnic diversity and homeownership.
期刊介绍：
Australian Economic Papers publishes innovative and thought provoking contributions that extend the frontiers of the subject, written by leading international economists in theoretical, empirical and policy economics. Australian Economic Papers is a forum for debate between theorists, econometricians and policy analysts and covers an exceptionally wide range of topics on all the major fields of economics as well as: theoretical and empirical industrial organisation, theoretical and empirical labour economics and, macro and micro policy analysis.
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