00000nam 2200000zi 4500 9.950062 CaOODSP 20250411151400 m o d f cr mn||||||||| 250411t20242024oncb ob f|0| 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- n-us--- FB3-5/2024-40E-PDF Cabral, James, author. Immigration and US shelter prices : the role of geographical and immigrant heterogeneity / by James Cabral and Walter Steingress. [Ottawa] : Bank of Canada = Banque du Canada, 2024. ©2024 1 online resource (ii, 34 pages) : maps. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2024-40 ISSN assigned to different series. "Last updated: October 24, 2024." Includes bibliographical references (pages 20-21). "The arrival of immigrants increases demand for housing and puts upward pressure on shelter prices. Using instrumental variables based on the ancestry composition of residents in US counties, we estimate the causal impact of immigration on local shelter prices. We show that the impact of immigrants is heterogeneous across locations. The increase in shelter prices is greater in counties where immigrants have higher levels of education and in counties that issue fewer building permits. We also find that the house prices respond more to immigration than rent prices do"--Abstract, page ii. Includes abstract in French. Housing Prices United States. Inflation (Finance) United States. Regional economics. Logement Prix États-Unis. Inflation États-Unis. Économie régionale. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2024-40. (CaOODSP)9.806221 PDF 1.94 MB https://publications.gc.ca/collections/collection_2025/banque-bank-canada/FB3-5-2024-40-eng.pdf