To what degree do Korean immigrants increase their homeownership rate with increasing length of residence in the United States? The present study proposes a double cohort method for modeling longitudinal changes in homeownership attainment for Korean ...
To what degree do Korean immigrants increase their homeownership rate with increasing length of residence in the United States? The present study proposes a double cohort method for modeling longitudinal changes in homeownership attainment for Korean Immigrants in the U.S. The results show that temporal factors such as cohort membership, aging, and duration of U.S. residence are strong predictors of homeownership attainment. The study found that Korean immigrants' homeownership in the U.S. increases markedly over time. Like native-born residents, immigrants' likelihood of homeownership grows over the life course and differ among birth cohorts. In addition, however, homeownership among immigrants also grows as their residence in the United States increases. The latter constitutes an assimilation effect and is separated from the aging effect by means of the double cohort estimation used in this study.