The nature of urban neighborhoods, neighborhood effects, and the dynamics of residential segregation are important …

This paper uses a semiparametric homeownership model to estimate and to decompose the household-level white …–black homeownership gap into an endowment component and a residual component across the distribution of homeownership rates. We find that … the racial gap differs across homeownership rates and that studies that examine the gap only at the mean may be misleading …