Unexpected Guests: The Impact of Internal Displacement Inflows of Rental Prices in Colombian Host Cities

Emilio Depetris-Chauvin and Rafael J. Santos

No 493, Documentos de Trabajo from Instituto de Economia. Pontificia Universidad Católica de Chile.

Abstract: We study the causal impact of internally displaced people (IDP) inflows on rental prices in Colombian host cities. Following an instrumental variables approach we find that as IDP inflows increase, low-income rental prices increase and high-income rental prices decrease. We provide empirical evidence on two potential mechanisms for these findings: Excess demand for low-income housing puts upwards pressure on rental prices; increasing supply of high-income housing coupled with rising homicide rates put downwards pressure on rental prices.

JEL-codes: J1 O15 R23 R31 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Unexpected guests: The impact of internal displacement inflows on rental prices in Colombian host cities (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:ioe:doctra:493

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