In this paper we deliver 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 … capital and, in particular, language proficiency for socio-economic assimilation. …

-country language skills and educational attainment? We exploit the exogenous placement of guest workers from five ethnicities across … German regions during the 1960s and 1970s in a model with region and ethnicity fixed effects. Our results indicate that … exposure to a higher own-ethnic concentration impairs immigrant children's host-country language proficiency and increases …