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Housing Quality and Tenure Choice in Bogota

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dc.contributor.advisorRodríguez Acosta, Mauricio Andrés
dc.contributor.advisorGarcía Suaza, Andrés Felipe
dc.creatorBaquero Vargas, Juan Pablo
dc.creator.degreeMagíster en Economíaspa
dc.creator.degreetypeFull timespa
dc.date.accessioned2019-07-17T23:26:44Z
dc.date.available2019-07-17T23:26:44Z
dc.date.created2019-06-25
dc.date.issued2019
dc.descriptionEmpirical housing articles have been scarce in developing countries. It results paradoxical given that homeownership and housing quality have continuously been included at the top of the developing countries political agendas. The present paper provides elements that explain the own/rent decision and the quality dwelling choice in the context of a developing country. The article follows a reduced-form approach that allows us to characterize some critical facts of the housing market equilibrium in the city of Bogota. We show that the tenure choice decision can be largely explained by the price of renting relative to owning and the permanent income. We find evidence that the poorer households delay home purchasing in contrast to the wealthier households, and the workers with unstable labor income are less likely to become homeowners. Furthermore, we estimate price and income elasticities coefficients that quantify the households' dwelling quality response to price and income variation. Thus, a 1% increase in prices reduces the average dwelling quality in 0.16% for the homeowners and 0.25% for the renters, whereas a 1% increase in permanent income increases the average dwelling quality in 0.08% both for homeowners and renters.spa
dc.description.abstractFurthermore, we estimate price and income elasticities coefficients that quantify the households' dwelling quality response to price and income variation. Thus, a 1% increase in prices reduces the average dwelling quality in 0.16% for the homeowners and 0.25% for the renters, whereas a 1% increase in permanent income increases the average dwelling quality in 0.08% both for homeowners and renters.spa
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.48713/10336_19960
dc.identifier.urihttp://repository.urosario.edu.co/handle/10336/19960
dc.language.isospa
dc.publisherUniversidad del Rosariospa
dc.publisher.departmentFacultad de Economíaspa
dc.publisher.programMaestría en Economíaspa
dc.rightsAtribución-NoComercial-SinDerivadas 2.5 Colombiaspa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
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dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subjectColombiaspa
dc.subjectHousing demandspa
dc.subjectReal estate economicsspa
dc.subject.ddcEconomía de la tierraspa
dc.subject.lembOferta de viviendaspa
dc.subject.lembPolítica de viviendaspa
dc.subject.lembPaíses en desarrollospa
dc.subject.lembMercado de la viviendaspa
dc.titleHousing Quality and Tenure Choice in Bogotaspa
dc.typemasterThesiseng
dc.type.documentAnálisis de casospa
dc.type.hasVersioninfo:eu-repo/semantics/acceptedVersion
dc.type.spaTesis de maestríaspa
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