Is a Refugee Crisis a Housing Crisis? Only if Housing Supply is Unresponsive

58 Pages Posted: 16 Nov 2018 Last revised: 27 Jul 2020

See all articles by Sandra Rozo

Sandra Rozo

University of Southern California - Marshall School of Business; University of Southern California - Schaeffer Center for Health Policy and Economics

Maria Micaela Sviatschi

Princeton University

Date Written: November 1, 2018

Abstract

What are the impacts of large inflows of refugees on refugee-hosting housing markets? We
examine the effects of the arrival of 1.3 million Syrian refugees on the housing expenditures
and income of Jordanian nationals. For this purpose, we exploit that refugees disproportionately
locate around the three largest refugee camps after the beginning of the Syrian conflict in
2011. Larger refugee inflows are reflected in two main trends: higher housing expenditures of
all Jordanians and increments in rental income of individuals that own real estate property. The
effects are explained by the large spike in rental prices that resulted from the higher demand
for housing units and the unresponsive housing supply in refugee-hosting areas.

Keywords: Refugees, Housing Markets, Forced Migration

JEL Classification: D22, J61, O17

Suggested Citation

Rozo, Sandra and Sviatschi, Maria Micaela, Is a Refugee Crisis a Housing Crisis? Only if Housing Supply is Unresponsive (November 1, 2018). Available at SSRN: https://ssrn.com/abstract=3276870 or http://dx.doi.org/10.2139/ssrn.3276870

Sandra Rozo (Contact Author)

University of Southern California - Marshall School of Business ( email )

701 Exposition Blvd
Los Angeles, CA California 90089
United States

HOME PAGE: http://www.sandravrozo.com

University of Southern California - Schaeffer Center for Health Policy and Economics ( email )

635 Downey Way
Los Angeles, CA 90089-3333
United States

Maria Micaela Sviatschi

Princeton University ( email )

22 Chambers Street
Princeton, NJ 08544-0708
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
85
Abstract Views
669
rank
349,459
PlumX Metrics