Abstract
This study investigates how adopting Sanctuary status in a city impacts rental prices. My study contributes to the literature on this subject by identifying how Sanctuary status impacts housing rental prices in areas predominantly occupied by foreign-born individuals. I hypothesize that foreign-born individuals living in the U.S will have a strong desire to live close to others with a similar background as them and for that matter, be willing to pay a premium rent. Using pooled data from 2006-2019 obtained from the Department of Housing and Urban Development (HUD), I estimate five difference-in-difference models for five different housing rental scenarios for the city of Chicago, which adopted Sanctuary status in 2014. My results show that adopting Sanctuary status in Chicago significantly increased house rental prices in immigrant communities in Chicago.
Advisor
Luri, Moses
Department
Business Economics
Recommended Citation
Brown, Brooke, "Birds of a Feather, Flock Together: The Impact of Sanctuary Status of a City on Rental Prices" (2021). Senior Independent Study Theses. Paper 9579.
https://openworks.wooster.edu/independentstudy/9579
Disciplines
Business
Keywords
Rental Price, Sanctuary Status, Sanctuary City, Immigrants, Network Effects, Difference-in-Differences
Publication Date
2021
Degree Granted
Bachelor of Arts
Document Type
Senior Independent Study Thesis
© Copyright 2021 Brooke Brown