The impact of real Estate Market knowledge on tenure choice: A comparison of black and white households

Abstract

Homeownership is an important social and financial achievement for most U.S. households. Various explanations have been offered for the large and persistent gap in the ownership rates of black and white households, but studies have consistently fallen short of identifying all of the causes.

The data we used were derived from a survey of the residents of the Columbus, OH, area. We argue that differences in real estate market knowledge and information affect the tenure choice decisions of black and white households. We estimate a model that is augmented to include a measure of real estate knowledge and find that additional knowledge increases the likelihood of homeownership. This holds even when we account for the endogeneity of such knowledge. We conclude that differences in real estate knowledge contribute to explaining the racial gap in homeownership rates, a finding that can be addressed through public policy interventions such as counseling programs.     

Violence and the perception of risk associated with hosting refugees

Public Choice - How do individuals’ experiences with political violence affect their perceptions regarding the risk associated with hosting refugees? This is an important question given that...     

Instrumental Variables Estimation in Political Science: A Readers’ Guide

The use of instrumental variables regression in political science has evolved from an obscure technique to a staple of the political science tool kit. Yet the surge of interest in the instrumental variables method has led to implementation of uneven quality. After providing a brief overview of the method and the assumptions on which it rests, we chart the ways in which these assumptions are invoked in practice in political science. We review more than 100 articles published in the American Journal of Political Science, the American Political Science Review, and World Politics over a 24‐year span. We discuss in detail two noteworthy applications of instrumental variables regression, calling attention to the statistical assumptions that each invokes. The concluding section proposes reporting standards and provides a checklist for readers to consider as they evaluate applications of this method.     

On Formal Theory and Statistical Methods: A Response to Carrubba, Yuen, and Zorn

e-mail: sign{at}mail.rochester.edu The recent article by Carrubba, Yuen, and Zorn (2007) (CYZ)attempts to relate the strategic random utility models in Signorino(1999, 2002, 2003) and in Signorino and Yilmaz (2003) to existinggame theory practice and to existing statistical techniques.It contributes to this literature by reminding us that comparativestatics analysis can be applied to the equilibria of these models.There are a number of claims in CYZ, however, that require clarification.In particular, the article's primary claim is that comparativestatics analysis, in combination with one of three proposedstatistical estimators, provides a simpler alternative to methodspreviously advocated. This claim (or combination of claims)is incorrect. When one examines the procedure CYZ recommends,it is no simpler for substantive researchers than anything previouslyrecommended. Moreover, none of the proposed estimators are new:they are exactly the same methods introduced in Signorino (1999,2003), in Signorino and Yilmaz (2003), in Signorino, Walker,and Bas (2002), and in Bas, Signorino, and Walker (2007).     

Pulling the Levers: Transformational Leadership,Public Service Motivation,and Mission Valence

This article contributes to our understanding of public service motivation and leadership by investigating ways in which organizational leaders can reinforce and even augment the potential effects of public service motivation on employees’ attraction to the organization’s mission (mission valence). The results contribute to two research questions. First, the findings provide new evidence on the sources of public service motivation. The authors find that transformational leadership is an organizational factor associated with higher public service motivation. Second, the article examines the relationship between transformational leadership and mission valence. The authors find that transformational leadership has an important indirect effect on mission valence through its influence on clarifying organizational goals and fostering public service motivation.