Effect of Socio-Economic Stratification on House Value in Bogotá

Documentos de trabajo en investigación socioeconómica

Effect of Socio-Economic Stratification on House Value in Bogotá

Fecha de publicación: 2016-12-24

Autores: Gallego, Juan ; Montoya, Sergio ; Sepúlveda, Carlos

This 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.

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Ficha técnica

Idioma: en

País / Región: Colombia

Formato: pdf

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Citar publicación

Gallego, Juan; Montoya, Sergio; Sepúlveda, Carlos. (2016). Effect of Socio-Economic Stratification on House Value in Bogotá. Bogotá: CAF

Autores y autoras

Gallego, Juan

Num. de publicaciones 2

Montoya, Sergio

Num. de publicaciones 1

Sepúlveda, Carlos

Num. de publicaciones 1

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