The joint work of Marc-André Luik, Max Steinhardt, and Simon Voss, "Language proficiency and homeownership: Evidence from U.S. immigrants" is now available in the Journal of Housing Economics.

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Abstract:

In this paper, we deliver the first causal evidence on the relationship between immigrant host-country language proficiency and homeownership. Using an instrumental variable strategy, we find a substantial positive impact of language skills on the propensity to own a home and the quality of housing among immigrants in the United States. While this effect is mediated by household income, our estimates also speak in favor of a direct language effect. Suggestive evidence further indicates that part of this effect may be driven by discrimination. Our results highlight the importance of host-country-specific human capital and, in particular, language proficiency for socio-economic assimilation in housing markets.

Link to the paper