Cohort Effects, Incomes, and Homeownership StatusAmong Four Cohorts of Canadian Immigrants

摘要

This study tracks four waves of Canadian immigrants and estimates the cohort effect on the probability ofrenter immigrants buying their first home, cohort being defined directly by immigrants' age and year of arrivaland indirectly by their permanent and expected earnings. It uses twenty cross-sectional data files that span two-and-a-half decades (1974-1998) to build four synthetic cohorts of immigrants. It treats the synthetic cohorts asif longitudinal, by viewing each record as a doubly censored observation, and estimates a proportional hazardmodel of first-time homeownership. The results show that homeownership rates are declining with successivecohorts of immigrants due to waning income prospects. Both permanent and expected incomes among morerecent cohorts of immigrants lag behind those of earlier cohorts.