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Discrimination and Sorting in the Real Estate Market: Evidence from Terror Attacks and Mosques

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  • Lepage, Louis-Pierre

    (Swedish Institute for Social Research, Stockholm University)

Abstract

I evaluate the impact of Islamist terrorist attacks, taken as exogenous shocks which may change individual perceptions towards Middle Easterners and Muslims, on the real-estate market. Using detailed property-level transactions data, I find that US property prices immediately near mosques fell by 5% in the two years following 9/11. I find little evidence of changes in the number of transactions, but an increase of up to 30% in the fraction of Middle Eastern and North African households locating near mosques, indicating increased ethnic and religious sorting from 9/11. Additional evidence suggests that price decreases across areas are in line with increased prejudice.

Suggested Citation

  • Lepage, Louis-Pierre, 2024. "Discrimination and Sorting in the Real Estate Market: Evidence from Terror Attacks and Mosques," Working Paper Series 9/2023, Stockholm University, Swedish Institute for Social Research.
    • Handle: RePEc:hhs:sofiwp:2023_009
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    More about this item

    Keywords

    housing market; terrorism; household sorting; discrimination;
    All these keywords.

    JEL classification:

    • J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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