Journal Article

Measuring Risk on Investment in Informal (Illegal) Housing: Theory and Evidence from Pune, India

Show simple item record

collection.link.125
https://openknowledge.worldbank.org/handle/10986/4401
collection.name.125
C. Journal articles published externally
dc.contributor.author
Kapoor, Mudit
dc.contributor.author
le Blanc, David
dc.date.accessioned
2012-03-30T07:35:04Z
dc.date.available
2012-03-30T07:35:04Z
dc.date.issued
2008
dc.date.lastModified
2021-04-23T14:02:23Z
dc.description.abstract
In this paper, we analyze a household's decision to invest in informal (illegal) housing in developing countries. Using a simple model of housing supply, we show that the difference in the rates of return on housing investment in the formal and informal sectors reflects the additional risk associated with the latter. Using household survey data from Pune (a large city in India), we estimate this risk premium in the city to be approximately 22%, or 150 basis points. We use our approach to estimate the informal risk premium for cities in other countries based on results from previous studies.
en
dc.identifier.citation
Regional Science and Urban Economics
dc.identifier.issn
01660462
dc.identifier.uri
http://hdl.handle.net/10986/5895
dc.language.iso
EN
dc.relation.uri
http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.rights.holder
World Bank
dc.subject
Personal Finance D140
dc.subject
Illegal Behavior and the Enforcement of Law K420
dc.subject
Microeconomic Analyses of Economic Development O120
dc.subject
Formal and Informal Sectors
dc.subject
Shadow Economy
dc.subject
Institutional Arrangements O170
dc.subject
Economic Development: Regional, Urban, and Rural Analyses
dc.subject
Transportation O180
dc.subject
Urban, Rural, and Regional Economics: Housing Demand R210
dc.title
Measuring Risk on Investment in Informal (Illegal) Housing: Theory and Evidence from Pune, India
en
dc.title.alternative
Regional Science and Urban Economics
en
dc.type
Journal Article
en
okr.doctype
Journal Article
okr.externalcontent
External Content
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
987
okr.journal.nbpages
311-329
okr.language.supported
en
okr.peerreview
Academic Peer Review
okr.region.country
India
okr.relation.associatedurl
http://dx.doi.org/10.1016/j.regsciurbeco.2008.03.005
okr.relation.associatedurl
http://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=0997157&site=ehost-live
okr.relation.associatedurl
http://www.elsevier.com/wps/find/journaldescription.cws_home/505570/description#description
okr.relation.googlescholar
http://scholar.google.com/scholar?q=doi%3A10.1016%2Fj.regsciurbeco.2008.03.005
okr.volume
38

Show simple item record



Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)