Immigration and the Property Market: Evidence from England and Wales
研究了英格兰和威尔士地区移民对房价的影响，发现移民增加会压低低端房价，但对中位数以上房价和平均房价几乎没有影响，原因在于租赁与自有住房市场的互动以及住房空间使用变化。
Abstract This article investigates the link between immigration and property markets in England and Wales. Evidence from fixed effects and shift‐share–based instrumental variable regressions suggests that an increase in regional immigration, depending on the specification, either decreases prices at the lower end of the distribution up to the median or leaves them unchanged and has (almost) no effect on mean property prices or prices above the median. The evidence suggests that these findings can be explained through an interaction between the markets for rented and owned properties as well as through changes in the usage of housing space.