Abstract
AbstractWe 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.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
