Housing supply in the presence of informality

Ricardo Guedes, Felipe Iachan and Sant’Anna, Marcelo

Regional Science and Urban Economics, 2023, vol. 99, issue C

Abstract: Informal housing refers to the unauthorized residential use of public or private land. In this paper, 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.

Keywords: Housing supply, Real estate markets, Informality, Slums (search for similar items in EconPapers)
JEL-codes: O17 O18 R31 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Housing supply in the presence of informality (2021)
Working Paper: Housing Supply in the Presence of Informality (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:regeco:v:99:y:2023:i:c:s0166046223000108

DOI: 10.1016/j.regsciurbeco.2023.103875

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