IDEAS home Printed from https://ideas.repec.org/a/eee/jhouse/v53y2021ics1051137721000322.html
   My bibliography  Save this article

Single-family rentals and neighborhood racial integration✰

Author

Listed:
  • Ihlanfeldt, Keith
  • Yang, Cynthia Fan

Abstract

Neighborhood racial segregation continues to be a major social problem within America's metropolitan areas. One factor possibly accounting for segregation is the inability of minority households to afford housing in White neighborhoods, where housing units historically have been largely owner-occupied single-family homes. In recent years there has been a dramatic shift in the housing makeup of many of these neighborhoods, with single-family rentals increasing in share. Rentals lower the cost of neighborhood entry. Our results, which suggest that these rentals reduce neighborhood racial segregation for Blacks, support policies that seek to maintain and grow single-family rentals within White neighborhoods.

Suggested Citation

  • Ihlanfeldt, Keith & Yang, Cynthia Fan, 2021. "Single-family rentals and neighborhood racial integration✰," Journal of Housing Economics, Elsevier, vol. 53(C).
    • Handle: RePEc:eee:jhouse:v:53:y:2021:i:c:s1051137721000322
    DOI: 10.1016/j.jhe.2021.101780
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1051137721000322
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jhe.2021.101780?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Christopher F Baum & Mark E. Schaffer & Steven Stillman, 2003. "Instrumental variables and GMM: Estimation and testing," Stata Journal, StataCorp LP, vol. 3(1), pages 1-31, March.
    2. Raj Chetty & Nathaniel Hendren, 2018. "The Impacts of Neighborhoods on Intergenerational Mobility II: County-Level Estimates," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(3), pages 1163-1228.
    3. Dean H. Gatzlaff & Richard K. Green & David C. Ling, 1998. "Cross-Tenure Differences in Home Maintenance and Appreciation," Land Economics, University of Wisconsin Press, vol. 74(3), pages 328-342.
    4. Horn, Keren Mertens & Ellen, Ingrid Gould & Schwartz, Amy Ellen, 2014. "Do Housing Choice Voucher holders live near good schools?," Journal of Housing Economics, Elsevier, vol. 23(C), pages 28-40.
    5. Raj Chetty & Nathaniel Hendren, 2018. "The Impacts of Neighborhoods on Intergenerational Mobility I: Childhood Exposure Effects," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(3), pages 1107-1162.
    6. Sanderson, Eleanor & Windmeijer, Frank, 2016. "A weak instrument F-test in linear IV models with multiple endogenous variables," Journal of Econometrics, Elsevier, vol. 190(2), pages 212-221.
    7. Peter Bergman & Raj Chetty & Stefanie DeLuca & Nathaniel Hendren & Lawrence F. Katz & Christopher Palmer, 2024. "Creating Moves to Opportunity: Experimental Evidence on Barriers to Neighborhood Choice," American Economic Review, American Economic Association, vol. 114(5), pages 1281-1337, May.
    8. Andrews,Donald W. K. & Stock,James H. (ed.), 2005. "Identification and Inference for Econometric Models," Cambridge Books, Cambridge University Press, number 9780521844413, January.
    9. Jeffrey M Wooldridge, 2010. "Econometric Analysis of Cross Section and Panel Data," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262232588, December.
    10. Wang, Ko & Grissom, Terry V. & Webb, James R. & Spellman, Lewis, 1991. "The impact of rental properties on the value of single-family residences," Journal of Urban Economics, Elsevier, vol. 30(2), pages 152-166, September.
    11. Timothy J. Bartik, 1991. "Who Benefits from State and Local Economic Development Policies?," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number wbsle.
    12. Raj Chetty & Nathaniel Hendren & Patrick Kline & Emmanuel Saez, 2014. "Where is the land of Opportunity? The Geography of Intergenerational Mobility in the United States," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(4), pages 1553-1623.
    13. Horn, Keren Mertens & Ellen, Ingrid Gould & Schwartz, Amy Ellen, 2014. "Reprint of “Do Housing Choice Voucher Holders Live Near Good Schools?”," Journal of Housing Economics, Elsevier, vol. 24(C), pages 109-121.
    14. A. Colin Cameron & Douglas L. Miller, 2015. "A Practitioner’s Guide to Cluster-Robust Inference," Journal of Human Resources, University of Wisconsin Press, vol. 50(2), pages 317-372.
    15. Marianne Bertrand & Esther Duflo & Sendhil Mullainathan, 2004. "How Much Should We Trust Differences-In-Differences Estimates?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 119(1), pages 249-275.
    16. Ihlanfeldt, Keith, 2019. "The deconcentration of minority students attending bad schools: The role of housing affordability within school attendance zones containing good schools," Journal of Housing Economics, Elsevier, vol. 43(C), pages 83-101.
    17. Keith Ihlanfeldt & Tom Mayock, 2019. "Affordable Housing and the Socioeconomic Integration of Elementary Schools," The Journal of Real Estate Finance and Economics, Springer, vol. 58(4), pages 567-595, May.
    18. John Harding & Thomas J. Miceli & C.F. Sirmans, 2000. "Do Owners Take Better Care of Their Housing Than Renters?," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 28(4), pages 663-681.
    19. James Mills & Raven Molloy & Rebecca Zarutskie, 2019. "Large‐Scale Buy‐to‐Rent Investors in the Single‐Family Housing Market: The Emergence of a New Asset Class," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 47(2), pages 399-430, June.
    20. Ihlanfeldt, Keith & Mayock, Tom, 2018. "School segregation and the foreclosure crisis," Regional Science and Urban Economics, Elsevier, vol. 68(C), pages 277-290.
    21. Ihlanfeldt, Keith & Yang, Cynthia Fan, 2021. "Not in my neighborhood: the effects of single-family rentals on home values," Journal of Housing Economics, Elsevier, vol. 54(C).
    22. Arellano, M, 1987. "Computing Robust Standard Errors for Within-Groups Estimators," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 49(4), pages 431-434, November.
    23. Ingrid Gould Ellen & Keren Mertens Horn & Amy Ellen Schwartz, 2016. "Why Don't Housing Choice Voucher Recipients Live Near Better Schools? Insights from Big Data," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 35(4), pages 884-905, September.
    24. Coulson, N. Edward & Li, Herman, 2013. "Measuring the external benefits of homeownership," Journal of Urban Economics, Elsevier, vol. 77(C), pages 57-67.
    25. David M. Cutler & Edward L. Glaeser, 1997. "Are Ghettos Good or Bad?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(3), pages 827-872.
    26. Weinberg, Bruce A., 2000. "Black Residential Centralization and the Spatial Mismatch Hypothesis," Journal of Urban Economics, Elsevier, vol. 48(1), pages 110-134, July.
    27. Andrea Eisfeldt & Andrew Demers, 2015. "Total Returns to Single Family Rentals," NBER Working Papers 21804, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Salim Furth & MaryJo Webster, 2023. "Single-Family Zoning and Race: Evidence From the Twin Cities," Housing Policy Debate, Taylor & Francis Journals, vol. 33(4), pages 821-843, July.
    2. Ihlanfeldt, Keith & Yang, Cynthia Fan, 2021. "Not in my neighborhood: the effects of single-family rentals on home values," Journal of Housing Economics, Elsevier, vol. 54(C).
    3. Stephen B. Billings & Adam Soliman, 2023. "The erosion of homeownership and minority wealth," CEP Discussion Papers dp1967, Centre for Economic Performance, LSE.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ihlanfeldt, Keith & Yang, Cynthia Fan, 2019. "The Impact of Rental Housing on Neighborhood Racial and Social Integration," MPRA Paper 93485, University Library of Munich, Germany.
    2. Ihlanfeldt, Keith & Yang, Cynthia Fan, 2021. "Not in my neighborhood: the effects of single-family rentals on home values," Journal of Housing Economics, Elsevier, vol. 54(C).
    3. Chong Lu, 2022. "The effect of migration on rural residents’ intergenerational subjective social status mobility in China," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(5), pages 3279-3308, October.
    4. Ihlanfeldt, Keith, 2019. "The deconcentration of minority students attending bad schools: The role of housing affordability within school attendance zones containing good schools," Journal of Housing Economics, Elsevier, vol. 43(C), pages 83-101.
    5. Michael Pollmann, 2020. "Causal Inference for Spatial Treatments," Papers 2011.00373, arXiv.org, revised Jan 2023.
    6. Magne Mogstad & Joseph P Romano & Azeem M Shaikh & Daniel Wilhelm, 2024. "Inference for Ranks with Applications to Mobility across Neighbourhoods and Academic Achievement across Countries," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 91(1), pages 476-518.
    7. McNeil, Andrew & Luca, Davide & Lee, Neil, 2023. "The long shadow of local decline: Birthplace economic adversity and long-term individual outcomes in the UK," Journal of Urban Economics, Elsevier, vol. 136(C).
    8. Baum-Snow, Nathaniel & Hartley, Daniel, 2020. "Accounting for central neighborhood change, 1980–2010," Journal of Urban Economics, Elsevier, vol. 117(C).
    9. Hansen, Bruce E. & Lee, Seojeong, 2019. "Asymptotic theory for clustered samples," Journal of Econometrics, Elsevier, vol. 210(2), pages 268-290.
    10. Ning Jia & Raven Molloy & Christopher Smith & Abigail Wozniak, 2023. "The Economics of Internal Migration: Advances and Policy Questions," Journal of Economic Literature, American Economic Association, vol. 61(1), pages 144-180, March.
    11. Michler, Jeffrey D. & Baylis, Kathy & Arends-Kuenning, Mary & Mazvimavi, Kizito, 2019. "Conservation agriculture and climate resilience," Journal of Environmental Economics and Management, Elsevier, vol. 93(C), pages 148-169.
    12. Valentin Verdier, 2020. "Estimation and Inference for Linear Models with Two-Way Fixed Effects and Sparsely Matched Data," The Review of Economics and Statistics, MIT Press, vol. 102(1), pages 1-16, March.
    13. Zhang, Li & Xie, Lunyu & Zheng, Xinye, 2023. "Across a few prohibitive miles: The impact of the Anti-Poverty Relocation Program in China," Journal of Development Economics, Elsevier, vol. 160(C).
    14. Rainald Borck & Matthias Wrede, 2018. "Spatial and social mobility," Journal of Regional Science, Wiley Blackwell, vol. 58(4), pages 688-704, September.
    15. Nguyen, Hieu Quang, 2023. "Corruption, political connection, and firm investments," International Review of Financial Analysis, Elsevier, vol. 90(C).
    16. Committee, Nobel Prize, 2021. "Answering causal questions using observational data," Nobel Prize in Economics documents 2021-2, Nobel Prize Committee.
    17. Aleksey Oshchepkov & Anna Shirokanova, 2020. "Multilevel Modeling For Economists: Why, When And How," HSE Working papers WP BRP 233/EC/2020, National Research University Higher School of Economics.
    18. Francisco Meneses, 2021. "Intergenerational Mobility After Expanding Educational Opportunities: A Quasi Experiment," Working Papers 586, ECINEQ, Society for the Study of Economic Inequality.
    19. Okudaira, Hiroko, 2018. "The economic costs of court decisions concerning dismissals in Japan: Identification by judge transfers," International Review of Law and Economics, Elsevier, vol. 53(C), pages 60-75.
    20. Kampanelis, Sotiris & Chronopoulos, Dimitris & Wilson, John O.S., 2024. "Finance and intergenerational mobility: Evidence from US banking reforms," Journal of Economic Behavior & Organization, Elsevier, vol. 226(C).

    More about this item

    Keywords

    Racial segregation; Single-family rental housing; Housing affordability;
    All these keywords.

    JEL classification:

    • J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
    • J68 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Public Policy
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jhouse:v:53:y:2021:i:c:s1051137721000322. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622881 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.