Effect of Socio-Economic Stratification on House Value in Bogotá

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dc.contributor.authorGallego, Juan
dc.contributor.authorMontoya, Sergio
dc.contributor.authorSepúlveda, Carlos
dc.coverage.spatialColombiaes_ES
dc.date.accessioned2017-01-23T14:04:25Z
dc.date.available2017-01-23T14:04:25Z
dc.date.issued2016-12-24
dc.description.tableofcontentsThis paper investigates the impact of urban fiscal policies on housing value. We use a focalization system in Bogotá where certain subsidies and taxes are targeted based on a classification of houses according to external conditions and urban surroundings (socioeconomic stratification). We use a regression discontinuity design, and a rich dataset on cadastre appraisal and housing characteristics, to assess whether a higher tax burden affects the property value. Our results suggest that the usual (negative) capitalization effect is compensated by other channels. We show evidence that as stratum increases, investment on the house maintenance improve.es_ES
dc.identifier.citationGallego, J., Montoya, S., & Sepúlveda, C. (2016, December 24). Effect of Socio-Economic Stratification on House Value in Bogotá. Working paper;N° 2016/19, Bogotá: CAF. Retrieved from https://scioteca.caf.com/handle/123456789/994en_GB
dc.identifier.urihttps://scioteca.caf.com/handle/123456789/994
dc.language.isoen_USes_ES
dc.publisherCAFes_ES
dc.publisher.cityBogotáes_ES
dc.relation.ispartofseriesWorking paper;N° 2016/19
dc.rightsCC-BY-NCes_ES
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/es_ES
dc.subjectCiudadeses_ES
dc.subjectEconomíaes_ES
dc.subjectFinanzas públicases_ES
dc.subjectImpuestoses_ES
dc.subjectInvestigación socioeconómicaes_ES
dc.subjectPolíticas públicases_ES
dc.subjectViviendaes_ES
dc.titleEffect of Socio-Economic Stratification on House Value in Bogotáes_ES
dc.typeworkingPaperes_ES

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