Immigration and House Prices in the UK

• 成果类型: Article
• 署名作者: Sa, Filipa
• 署名单位: University of London; King's College London; IZA Institute Labor Economics
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/ecoj.12158
• 发表日期: 2015
• 页码: 1393-1424
• 关键词: impact; BIAS

摘要

This article studies the effect of immigration on house prices in the UK. It finds that immigration has a negative effect on house prices and presents evidence that this negative effect is due to the mobility response of the native population. Natives respond to immigration by moving to different areas and those who leave are at the top of the wage distribution. This generates a negative income effect on housing demand and pushes down house prices. The negative effect of immigration on house prices is driven by local areas where immigrants have lower education.