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Housing Tenure Choice of Taiwanese Immigrants: A Different Path to Residential Assimilation Author: Zhou Yu Dissertation School: University of Southern California Pages: 43 Publication Date: 2002 Availability: Access Number: 5002 Abstract: Recent research shows that, after accounting for socioeconomic and demographic differences, Chinese have homeownership rates 20 percentage points higher than U.S.-born, non-Hispanic White households. Chinese who were born in Taiwan may have an even stronger propensity for homeownership than the other Chinese groups (Painter, Yang, and Yu, 2001). This paper extends this research and examines Taiwanese immigrants' high propensity for homeownership. It reveals that 1) compared with non-Hispanic White and other Asian households, Chinese immigrants of different birthplaces all have higher propensity for homeownership and share a more similar mechanism in tenure choice; 2) homeownership propensity gaps between Taiwanese and other Chinese immigrants are quite large among newcomers, converging somewhat as their duration of stay in the United States extends; 3) relative to White households, Taiwanese high homeownership attainment is particularly pronounced in 1990; 4) the marginal differences in predicted homeownership rates between Taiwanese and White households shrank in the 1990s, which is suggestive that the 1980s' surge in Taiwanese homeownership was an unusual case; 5) Taiwanese, who contributed to the huge increase in homeownership in the 1980s, are more likely to be young, highly education, and new immigrant households with incomes lower than the median level; 6) Taiwanese stand in contrast to most other immigrants since English proficiency as an indicator of assimilation does not seem to play a significant role in their tenure decision. These outcomes may be an aggregate effect of a large influx of well-off Taiwanese, prior endowment, family support, and cultural affinity for homeownership. Further analyses are clearly necessary to determine the effects of the locational choice, wealth, peer influences, ethnic network, and other informal resources on homeownership attainment. |
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