Who lives where? : tenure choice and residential sorting : evidence from Bogotá

I study the relationship between tenure choice and residential sorting in Bogotá. The objective is to inform about the balance in benefits that households observe between use and investment in housing. Exploiting market segmentation between renters and owners, I study the effect of proximity to the...

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Autores:
Ramírez Arciniegas, Germán Mauricio
Tipo de recurso:
Fecha de publicación:
2018
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
eng
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/60919
Acceso en línea:
http://hdl.handle.net/1992/60919
Palabra clave:
Alquileres (Teoría económica)
Estructura urbana
Segregación residencial
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/
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oai_identifier_str oai:repositorio.uniandes.edu.co:1992/60919
network_acronym_str UNIANDES2
network_name_str Séneca: repositorio Uniandes
repository_id_str
dc.title.spa.fl_str_mv Who lives where? : tenure choice and residential sorting : evidence from Bogotá
title Who lives where? : tenure choice and residential sorting : evidence from Bogotá
spellingShingle Who lives where? : tenure choice and residential sorting : evidence from Bogotá
Alquileres (Teoría económica)
Estructura urbana
Segregación residencial
title_short Who lives where? : tenure choice and residential sorting : evidence from Bogotá
title_full Who lives where? : tenure choice and residential sorting : evidence from Bogotá
title_fullStr Who lives where? : tenure choice and residential sorting : evidence from Bogotá
title_full_unstemmed Who lives where? : tenure choice and residential sorting : evidence from Bogotá
title_sort Who lives where? : tenure choice and residential sorting : evidence from Bogotá
dc.creator.fl_str_mv Ramírez Arciniegas, Germán Mauricio
dc.contributor.advisor.none.fl_str_mv Yepes Delgado, Tito Rufino
Tovar Mora, Jorge Andrés
dc.contributor.author.none.fl_str_mv Ramírez Arciniegas, Germán Mauricio
dc.contributor.jury.none.fl_str_mv Ramírez Cortés, Juan Mauricio
dc.subject.keyword.spa.fl_str_mv Alquileres (Teoría económica)
Estructura urbana
Segregación residencial
topic Alquileres (Teoría económica)
Estructura urbana
Segregación residencial
description I study the relationship between tenure choice and residential sorting in Bogotá. The objective is to inform about the balance in benefits that households observe between use and investment in housing. Exploiting market segmentation between renters and owners, I study the effect of proximity to the Central Business District estimating a hedonic prices model using georeferenced Multipurpose Survey and Cadaster data for 2014. I find evidence that tenure choice is relevant to explain residential sorting patterns of households of Bogotá: the correlation between property values and proximity to the CBD is stronger for renters than for owners, correcting for access to services. Thus, renters optimize benefits through proximity to the CBD while owners optimize through increased property values despite giving up the benefits of a better location. I also test whether the prevalence of the investment edge of housing decisions yields communities with greater socioeconomic mixture in contrast with standard models in which a city exhibits a gradient of socioeconomic clusters changing with distance from CBD.
publishDate 2018
dc.date.issued.spa.fl_str_mv 2018
dc.date.accessioned.none.fl_str_mv 2022-09-26T22:04:05Z
dc.date.available.none.fl_str_mv 2022-09-26T22:04:05Z
dc.type.spa.fl_str_mv Trabajo de grado - Maestría
dc.type.driver.spa.fl_str_mv info:eu-repo/semantics/masterThesis
dc.type.version.spa.fl_str_mv info:eu-repo/semantics/acceptedVersion
dc.type.content.spa.fl_str_mv Text
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status_str acceptedVersion
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/1992/60919
dc.identifier.instname.spa.fl_str_mv instname:Universidad de los Andes
dc.identifier.reponame.spa.fl_str_mv reponame:Repositorio Institucional Séneca
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dc.identifier.local.spa.fl_str_mv 807368-1001
url http://hdl.handle.net/1992/60919
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dc.language.iso.spa.fl_str_mv eng
language eng
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eu_rights_str_mv openAccess
dc.format.extent.spa.fl_str_mv 45 hojas
dc.format.mimetype.spa.fl_str_mv application/pdf
dc.publisher.spa.fl_str_mv Universidad de los Andes
dc.publisher.program.spa.fl_str_mv Maestría en Economía
dc.publisher.faculty.spa.fl_str_mv Facultad de Economía
institution Universidad de los Andes
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spelling Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Yepes Delgado, Tito Rufino675daf97-4cba-47ee-9e80-23eb940d0be2500Tovar Mora, Jorge Andrésvirtual::1600-1Ramírez Arciniegas, Germán Mauricio76de6191-0cd7-469e-8217-c164e13534df500Ramírez Cortés, Juan Mauricio2022-09-26T22:04:05Z2022-09-26T22:04:05Z2018http://hdl.handle.net/1992/60919instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/807368-1001I study the relationship between tenure choice and residential sorting in Bogotá. The objective is to inform about the balance in benefits that households observe between use and investment in housing. Exploiting market segmentation between renters and owners, I study the effect of proximity to the Central Business District estimating a hedonic prices model using georeferenced Multipurpose Survey and Cadaster data for 2014. I find evidence that tenure choice is relevant to explain residential sorting patterns of households of Bogotá: the correlation between property values and proximity to the CBD is stronger for renters than for owners, correcting for access to services. Thus, renters optimize benefits through proximity to the CBD while owners optimize through increased property values despite giving up the benefits of a better location. I also test whether the prevalence of the investment edge of housing decisions yields communities with greater socioeconomic mixture in contrast with standard models in which a city exhibits a gradient of socioeconomic clusters changing with distance from CBD."Este trabajo estudia las consecuencias de las decisiones de tenencia de vivienda sobre el ordenamiento residencial de Bogotá. El objetivo es identificar los beneficios de ser arrendatario y propietario. Utilizando la Encuesta Multipropósito de 2014 y por medio de un modelo de precios hedónicos, se estima el efecto de la distancia al Centro de Negocios (CBD) sobre el gradiente de los precios de arriendo. La estrategia de identificación aprovecha la varianza presente en el mercado de vivienda dada la segmentación entre arrendatarios y propietarios. Los resultados sugieren que la decisión óptima de localización de los arrendatarios responde a la distancia de la vivienda al CBD, mientras que la de los propietarios responde a la tasa de valorización esperada. Adicionalmente, y a diferencia de las predicciones del modelo monocéntrico, se encuentra una correlación positiva entre la proporción de hogares que viven en arriendo y el nivel de heterogeneidad de los hogares a nivel barrio."--Tomado del Formato de Documento de Grado.Magíster en EconomíaMaestría45 hojasapplication/pdfengUniversidad de los AndesMaestría en EconomíaFacultad de EconomíaWho lives where? : tenure choice and residential sorting : evidence from BogotáTrabajo de grado - Maestríainfo:eu-repo/semantics/masterThesisinfo:eu-repo/semantics/acceptedVersionTexthttp://purl.org/redcol/resource_type/TMAlquileres (Teoría económica)Estructura urbanaSegregación residencial201528471Publicationhttps://scholar.google.es/citations?user=nydszQMAAAAJvirtual::1600-10000-0001-5525-6829virtual::1600-1https://scienti.minciencias.gov.co/cvlac/visualizador/generarCurriculoCv.do?cod_rh=0000417920virtual::1600-1ab9050ef-af1d-44c8-9270-1ff9785f2c69virtual::1600-1ab9050ef-af1d-44c8-9270-1ff9785f2c69virtual::1600-1TEXT14539.pdf.txt14539.pdf.txtExtracted texttext/plain95255https://repositorio.uniandes.edu.co/bitstreams/f85f7148-ec65-486a-af82-8ff4eb2f19c0/download388f34cf37b80d9d5368be369e8d3f66MD52ORIGINAL14539.pdfapplication/pdf1471209https://repositorio.uniandes.edu.co/bitstreams/c940538f-b1f0-428d-930e-d4734f8936de/download3d7230d82d94d3c01232aaa92af237c2MD51THUMBNAIL14539.pdf.jpg14539.pdf.jpgIM Thumbnailimage/jpeg16694https://repositorio.uniandes.edu.co/bitstreams/50559711-60b1-4829-af8a-8f02c02a71b5/download4705e866408bee496ff177ccfac87588MD531992/60919oai:repositorio.uniandes.edu.co:1992/609192024-03-13 12:00:04.271http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co