The Market Value of Owner Occupied Housing and Public Infrastructure Services

Sergei Soares
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Sergei Soares: Center for Global Development

No 69, Commitment to Equity (CEQ) Working Paper Series from Tulane University, Department of Economics

Abstract: Owner-occupied housing and public infrastructure services are a relevant part of the income distribution whose impacts have not yet been adequately studied, at least not from the distributive point of view. This paper suggests a way to find the market value for these services using hedonic prices. While far from new, this methodology is nevertheless useful in assigning values to these services. The paper uses Brazilian data from 1995, 2005, and 2015 to impute rental values for owner occupied housing and the associated infrastructure services. The results are that imputation of housing services considerably reduces inequality and that public infrastructure services have become more progressive as their expansion brings these services to increasingly poorer households.

Keywords: Public infrastructure services; hedonic prices; imputed rent; concentration coefficients; income distribution (search for similar items in EconPapers)
JEL-codes: D31 H41 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2018-04
New Economics Papers: this item is included in nep-ure
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Published in Commitment to Equity, April 2018, pages 1-16

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http://repec.tulane.edu/RePEc/ceq/ceq69.pdf First version, 2018 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:tul:ceqwps:69

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