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Assimilation and Stratification: Stratified Access to Housing Wealth Accumulation among Immigrant Groups

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Abstract:

Within the framework of wealth inequality, new assimilation, and place stratification, we examine patterns of housing wealth accumulation across 4 immigrant groups: white, black, Asian, and Hispanics, and compared them to native-born counterparts. We utilize the 2001 AHS data to study the effects of social contexts (such as suburbanization) and individual factors (such as race/ethnicity and period of immigration) on immigrantsÂ’ housing wealth accumulation. Homeownership and home equity are employed as key indicators of housing wealth. The results show five main findings: 1) native-born white remains the most advantageous group in terms of homeownership rates. Being foreign-born and being a member of minority group have significant negative effects on housing wealth accumulation. 2) Immigrants who entered after 1990 and those who reside in central city are less likely to own a house. 3) Among those who own a house, immigrants accumulated more home equity than native whites. 4) Unlike the case in homeownership, immigrant homeowners who entered after 1990 and who reside within central city accumulated more home equity. 5) Net of all other factors, our study shows that locational housing market plays an important role in affecting the amount of home equity people could accumulate.

Most Common Document Word Stems:

foreign (67), immigr (65), group (59), home (55), equiti (54), white (52), nativ (49), hous (49), wealth (44), hispan (39), asian (39), black (39), assimil (34), born (33), enter (32), homeownership (31), accumul (30), effect (28), variabl (26), characterist (23), race (23),

Author's Keywords:

Race, Ethnicity, Immigrant, Home Ownership, Home Equity
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Name: American Sociological Association Annual Meeting
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MLA Citation:

Yang, Ying. and Vesselinov, Elena. "Assimilation and Stratification: Stratified Access to Housing Wealth Accumulation among Immigrant Groups" Paper presented at the annual meeting of the American Sociological Association Annual Meeting, Sheraton Boston and the Boston Marriott Copley Place, Boston, MA, Jul 31, 2008 <Not Available>. 2014-12-01 <http://citation.allacademic.com/meta/p241298_index.html>

APA Citation:

Yang, Y. and Vesselinov, E. , 2008-07-31 "Assimilation and Stratification: Stratified Access to Housing Wealth Accumulation among Immigrant Groups" Paper presented at the annual meeting of the American Sociological Association Annual Meeting, Sheraton Boston and the Boston Marriott Copley Place, Boston, MA Online <APPLICATION/PDF>. 2014-12-01 from http://citation.allacademic.com/meta/p241298_index.html

Publication Type: Conference Paper/Unpublished Manuscript
Abstract: Within the framework of wealth inequality, new assimilation, and place stratification, we examine patterns of housing wealth accumulation across 4 immigrant groups: white, black, Asian, and Hispanics, and compared them to native-born counterparts. We utilize the 2001 AHS data to study the effects of social contexts (such as suburbanization) and individual factors (such as race/ethnicity and period of immigration) on immigrantsÂ’ housing wealth accumulation. Homeownership and home equity are employed as key indicators of housing wealth. The results show five main findings: 1) native-born white remains the most advantageous group in terms of homeownership rates. Being foreign-born and being a member of minority group have significant negative effects on housing wealth accumulation. 2) Immigrants who entered after 1990 and those who reside in central city are less likely to own a house. 3) Among those who own a house, immigrants accumulated more home equity than native whites. 4) Unlike the case in homeownership, immigrant homeowners who entered after 1990 and who reside within central city accumulated more home equity. 5) Net of all other factors, our study shows that locational housing market plays an important role in affecting the amount of home equity people could accumulate.


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