Housing Supply in the Presence of Informality

Ricardo Guedes, Felipe Iachan and Marcelo Sant'Anna

No mvhnf, SocArXiv from Center for Open Science

Abstract: We study housing supply in markets where informal housing is common. Using a combination of census and satellite data, we estimate housing supply for more than 90 metropolitan areas in Brazil. We find that widespread informal housing increases the housing supply elasticity, partially offsetting the downward pressure of geographical constraints. Our empirical approach is guided by a monocentric city model that includes informal housing. Our identification strategy relies on the use of two novel instruments, combining demographic data and public land ownership. We use the supply elasticity estimates to forecast the response of future housing prices to natural population growth.

Date: 2021-03-23
New Economics Papers: this item is included in nep-dev, nep-iue and nep-ure
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Related works:
Journal Article: Housing supply in the presence of informality (2023)
Working Paper: Housing supply in the presence of informality (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:mvhnf

DOI: 10.31219/osf.io/mvhnf

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