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Title:
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The impact of diversity on homeownership and home equity within racial and ethnic groups
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Author:
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Kile, Jensen Dean
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Abstract:
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Wealth inequality in the United States continues to widen year after year. However,
only recently has research addressed the relationship of race and wealth and few have
analyzed specific forms of wealth accumulation. Home equity is the most popular and
significant method of wealth accumulation, yet much about multiethnic equity
accumulation is unknown. Without research that explicitly identifies the most important
forms and causes of racial differences in homeownership and home equity, public policy
is less able to take appropriate and informed action against the most significant barriers to
equality. This study attempts to fill the gap in information and analyzes the role of racial
stratification within neighborhoods on the odds of homeownership and its effect on home
equity accumulation within the pan-ethnic racial groups.
This study uses hierarchical linear modeling and data from the American Housing
Survey National sample from 2005. Even while controlling for various factors in the
home equity accumulation process, this study finds discriminatory residential patterns are
constraining the market process and reducing the value appreciation of homes owned by
Hispanic and Black households. More specifically, a neighborhood level barrier exists
that is actively suppressing their wealth. Houses of Black and Hispanic homeowners in
segregated neighborhoods produce less wealth than houses in integrated neighborhoods.
Not only is the disparate access to equal housing contributing to the perpetuation of the
racial wealth divide in the United States. It is contributing to political and social
inequalities directly linked to wealth. |
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Description:
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Thesis (M.A., Sociology) -- California State University, Sacramento, 2010. |
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URI:
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http://hdl.handle.net/10211.9/1037
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Date:
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2011-03-29 |
