Immigration and US shelter prices : the role of geographical and immigrant heterogeneity / by James Cabral and Walter Steingress. : FB3-5/2024-40E-PDF

"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.

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