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Does the origin of the seller matter? Causal evidence from real-estate advertisements

Author

Listed:
  • Anthony Lepinteur
  • Giorgia Menta
  • Sofie R. Waltl

Abstract

Participants of an online Luxembourgish study are presented fake real-estate advertisements and tasked to make an offer to the shown properties. A random subset is also shown sellers' names that are strongly framed to signal their origins. Our randomised procedure allows us to conclude that, keeping everything else constant, sellers with African-sounding surnames are systematically offered lower prices. Our most conservative estimates suggest that the average racial penalty stemming from the demand-side of the housing market is equal to 22,000 euros. Last, we show that this penalty hides important differences across respondents: it is null for the youngest and most educated ones as well as those without any personal ties to an African diaspora, but can amount up to around 65,000 euros for those above 40 years of age and without post-secondary education.

Suggested Citation

  • Anthony Lepinteur & Giorgia Menta & Sofie R. Waltl, 2023. "Does the origin of the seller matter? Causal evidence from real-estate advertisements," ERES eres2023_8, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2023_8
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    More about this item

    Keywords

    African Sellers; Racial Prejudices; Randomised Online Experiment; Real Estate Advertisements;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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