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The effect of culture on home‐ownership

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  • Miriam Marcén
  • Marina Morales

Abstract

In this paper, we analyze the role of culture in determining whether, or not, an individual is a homeowner. We use data on first‐generation immigrants who arrived in the United States under 6 years old. Following the epidemiological approach, any dissimilarity in the proportion of homeowners by country of origin may be interpreted as a consequence of cultural differences. Our estimates indicate that there is a positive and statistically significant relationship between the cultural proxy and the immigrants’ choice of home‐ownership. Additionally, we present evidence of different mechanisms of transmission of culture, which reinforces our results on the cultural effect.

Suggested Citation

  • Miriam Marcén & Marina Morales, 2020. "The effect of culture on home‐ownership," Journal of Regional Science, Wiley Blackwell, vol. 60(1), pages 56-87, January.
    • Handle: RePEc:bla:jregsc:v:60:y:2020:i:1:p:56-87
    DOI: 10.1111/jors.12433
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    Cited by:

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    2. Davoli, Maddalena & Rodríguez-Planas, Núria, 2020. "Culture and adult financial literacy: Evidence from the United States," Economics of Education Review, Elsevier, vol. 78(C).
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    4. Héctor Bellido & Miriam Marcén & Marina Morales, 2021. "The Reverse Gender Gap in Volunteer Activities: Does Culture Matter?," Sustainability, MDPI, vol. 13(12), pages 1-15, June.

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    More about this item

    JEL classification:

    • J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
    • R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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