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Urbanization in Kazakhstan: Desirable Cities, Unaffordable Housing, and the Missing Rental Market

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dc.contributor.authorSeitz, William
dc.date.accessioned2018-07-16T16:04:46Z
dc.date.available2018-07-16T16:04:46Z
dc.date.issued2018-07
dc.description.abstractKazakhstan's cities are hubs of economic opportunity and prosperity. But despite the government's ambitious targets, the pace of urbanization remains slow. This study focuses on two key constraints: (i) the very high cost of living in Kazakhstan's cities, and (ii) the near absence of a rental housing market outside the capital, Astana. The findings show that the two urban centers of Almaty and Astana are 190 and 240 percent more expensive to live in than the national average. Housing is the primary driver of the disparity: after adjusting for inflation, housing costs tripled in Astana and quadrupled in Almaty between 2001 and 2015. As a result, housing costs for the local population in these areas are more unaffordable than famously exclusive cities such as San Francisco and Vancouver. Demand elasticities from 2015 imply that in the current environment, rural and low-income households are especially unlikely to relocate to high-priced areas where employment prospects are better and average incomes are higher. Regional convergence in wage rates remains slow, but appears to be proceeding most quickly in Astana, where rental housing is most prevalent. The findings suggest that high rates of home ownership and the high cost of living in cities lead to exclusion of lower-income households and restrain economic growth.en
dc.identifierhttp://documents.worldbank.org/curated/en/956811531481933385/Urbanization-in-Kazakhstan-desirable-cities-unaffordable-housing-and-the-missing-rental-marke
dc.identifier.doi10.1596/1813-9450-8530
dc.identifier.urihttps://hdl.handle.net/10986/30003
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 8530
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectURBANIZATION
dc.subjectURBAN HOUSING
dc.subjectRENTAL MARKETS
dc.subjectLIVING COSTS
dc.titleUrbanization in Kazakhstanen
dc.title.subtitleDesirable Cities, Unaffordable Housing, and the Missing Rental Marketen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleUrbanization in Kazakhstan: Desirable Cities, Unaffordable Housing, and the Missing Rental Market
okr.date.disclosure2018-07-13
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/956811531481933385/Urbanization-in-Kazakhstan-desirable-cities-unaffordable-housing-and-the-missing-rental-marke
okr.guid956811531481933385
okr.identifier.doi10.1596/1813-9450-8530
okr.identifier.doihttps://doi.org/10.1596/1813-9450-8530
okr.identifier.externaldocumentum090224b085d85f04_1_0
okr.identifier.internaldocumentum30257363
okr.identifier.reportWPS8530
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/956811531481933385/pdf/WPS8530.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryKazakhstan
okr.statistics.combined3410
okr.statistics.dr956811531481933385
okr.statistics.drstats2370
okr.topicPoverty Reduction::Living Standards
okr.topicPoverty Reduction::Migration and Development
okr.topicUrban Development::Urban Economic Development
okr.topicUrban Development::Urban Housing
okr.unitPoverty and Equity Global Practice
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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