Publication:
Tenure Security Premium in Informal Housing Markets: A Spatial Hedonic Analysis

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dc.contributor.authorNakamura, Shohei
dc.date.accessioned2016-01-12T22:09:38Z
dc.date.available2016-01-12T22:09:38Z
dc.date.issued2015-12
dc.description.abstractThis paper estimates slum residents willingness to pay for formalized land tenure in Pune, India. In so doing, it offers evidence that the legal assurance of slum residents occupancy of their lands could benefit them. Previous studies have discussed legal and non-legal factors that substantially influence the tenure security of residents in informal settlements. However, it remains unclear to what extent, and how, the assignment of legal property rights through the formalization of land tenure improves the tenure security of residents in informal settlements and living conditions, even in the presence of other legal and non-legal factors that also contribute to their tenure security. To address the question, this study focuses on the city of Pune, India, where government agencies have formalized slums by legally ensuring the occupancy of the residents under slum declaration. Applying a hedonic price model to an original household survey, this paper investigates how slum residents evaluate formalized land tenure. A spatial econometrics method is also applied to account for spatially autocorrelated unobserved errors. The spatial hedonic analysis finds that the premium of slum declaration is worth 19 percent of the average housing rent in slums. The associated marginal willingness to pay is equivalent to 6 percent of the average household expenditure, although it is heterogeneous depending on a households caste and other legal conditions. This finding suggests that the assurance of occupancy rights is a vital component of land-tenure formalization policy even if it does not directly provide full property rights.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/12/25726703/tenure-security-premium-informal-housing-markets-spatial-hedonic-analysis
dc.identifier.doi10.1596/1813-9450-7526
dc.identifier.urihttps://hdl.handle.net/10986/23627
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7526
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectTHREAT OF EVICTION
dc.subjectHOME OWNERSHIP
dc.subjectURBAN LAND MANAGEMENT
dc.subjectLOCAL POLITICIANS
dc.subjectHOUSING UNITS
dc.subjectURBANIZATION
dc.subjectEVICTIONS
dc.subjectSLUM UPGRADING
dc.subjectPROVISION OF INFRASTRUCTURE
dc.subjectSELF-HELP
dc.subjectSHELTER
dc.subjectINCOME
dc.subjectINFORMAL HOUSING
dc.subjectBUILDINGS
dc.subjectEMPLOYMENT OPPORTUNITIES
dc.subjectPUBLIC SECTOR
dc.subjectPROPERTY RIGHTS
dc.subjectHOUSING RENT
dc.subjectSERVICES
dc.subjectWATER TAPS
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectHOUSING
dc.subjectLOW-INCOME HOUSING
dc.subjectPOLITICAL ECONOMY
dc.subjectNEIGHBORHOOD
dc.subjectHEALTH
dc.subjectPOOR PEOPLE
dc.subjectURBAN LAND
dc.subjectPROJECT
dc.subjectCITIES
dc.subjectSECURE TENURE
dc.subjectLAND TENURE
dc.subjectVACANT LAND
dc.subjectSETTLEMENTS
dc.subjectPUBLIC HOUSING
dc.subjectPUBLIC POLICY
dc.subjectSTATES
dc.subjectSLUM IMPROVEMENT
dc.subjectEVICTION
dc.subjectLAND TITLING
dc.subjectAIC
dc.subjectURBANISM
dc.subjectSQUATTER
dc.subjectACCESS TO FORMAL CREDIT
dc.subjectHOUSING ECONOMICS
dc.subjectRENT
dc.subjectRESIDENTIAL ZONES
dc.subjectCONSTRUCTION
dc.subjectCITY DEVELOPMENT
dc.subjectRESIDENCES
dc.subjectURBAN LAND TENURE
dc.subjectMARKETS
dc.subjectSELF-HELP HOUSING
dc.subjectCITY AREA
dc.subjectSETTLEMENT
dc.subjectLAND OWNERSHIP
dc.subjectLEGAL TENURE
dc.subjectURBAN LAND TENURE POLICY
dc.subjectSUBURBS
dc.subjectHOUSING MARKET
dc.subjectHOUSING CONDITIONS
dc.subjectPAVEMENT DWELLERS
dc.subjectLIBRARY
dc.subjectREAL ESTATE
dc.subjectFINANCE
dc.subjectPUBLIC
dc.subjectDESIGN
dc.subjectLAND USE
dc.subjectINSTITUTIONAL REFORMS
dc.subjectMUNICIPAL CORPORATION
dc.subjectSQUATTERS
dc.subjectSLUM IMPROVEMENT PROJECT
dc.subjectSLUM AREAS
dc.subjectTENURE SECURITY
dc.subjectSLUM AREA
dc.subjectPROPERTY RIGHT
dc.subjectMUNICIPAL GOVERNMENT
dc.subjectURBAN PLANNING
dc.subjectSTATE GOVERNMENT
dc.subjectRESETTLEMENT
dc.subjectINFORMAL SETTLEMENTS
dc.subjectSLUM RESIDENTS
dc.subjectSLUM POPULATION
dc.subjectHOUSING CONSTRUCTION
dc.subjectHOUSING DEVELOPMENT
dc.subjectGOVERNMENT EMPLOYEES
dc.subjectSLUM
dc.subjectREPORTS
dc.subjectOCCUPATION
dc.subjectURBAN AREAS
dc.subjectHOUSEHOLD
dc.subjectREAL ESTATE FINANCE
dc.subjectPROPERTY
dc.subjectHABITAT
dc.subjectSOCIAL HOUSING
dc.subjectHOUSING RIGHTS
dc.subjectLOW-INCOME
dc.subjectMARKET
dc.subjectURBAN POOR
dc.subjectPRIVATE DEVELOPERS
dc.subjectSOCIAL CAPITAL
dc.subjectACCESS TO ELECTRICITY
dc.subjectSLUMS
dc.subjectLAND
dc.subjectINFORMAL SETTLEMENT
dc.subjectRESIDENTIAL AREAS
dc.subjectHOUSEHOLDS
dc.subjectHOUSING MARKETS
dc.subjectACCESS TO SERVICES
dc.subjectRURAL AREAS
dc.subjectHOUSING IMPROVEMENTS
dc.subjectDWELLER
dc.subjectOCCUPANCY
dc.subjectZONING
dc.subjectHOUSES
dc.subjectBUILDING
dc.subjectLIVING CONDITIONS
dc.subjectURBAN SLUMS
dc.subjectINTERVENTIONS
dc.subjectSQUATTER SETTLEMENTS
dc.subjectCOMMUNITY
dc.subjectHOME IMPROVEMENT
dc.subjectTENURE STATUS
dc.subjectSAFETY
dc.subjectURBAN POPULATION
dc.subjectFORMAL CREDIT
dc.subjectFEMALE
dc.subjectCOUNCILORS
dc.subjectLAND MANAGEMENT
dc.subjectNEW SLUMS
dc.subjectURBAN STUDIES
dc.subjectSQUATTING
dc.titleTenure Security Premium in Informal Housing Marketsen
dc.title.subtitleA Spatial Hedonic Analysisen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.associatedcontenthttps://openknowledge.worldbank.org/handle/10986/29133 Accepted journal manuscript
okr.crossref.titleTenure Security Premium in Informal Housing Markets: A Spatial Hedonic Analysis
okr.date.disclosure2015-12-30
okr.date.doiregistration2025-04-10T11:58:42.793216Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2015/12/25726703/tenure-security-premium-informal-housing-markets-spatial-hedonic-analysis
okr.guid356241467992494900
okr.identifier.doi10.1596/1813-9450-7526
okr.identifier.externaldocumentum090224b083ffde29_1_0
okr.identifier.internaldocumentum25726703
okr.identifier.reportWPS7526
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/12/30/090224b083ffde29/1_0/Rendered/PDF/Tenure0securit0ial0hedonic0analysis.pdfen
okr.region.administrativeSouth Asia
okr.region.countryIndia
okr.topicUrban Development::Municipal Housing and Land
okr.topicUrban Development::Urban Housing
okr.topicCommunities and Human Settlements::Housing & Human Habitats
okr.topicPublic Sector Development::Public Sector Management and Reform
okr.unitPoverty and Equity Global Practice Group
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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