Homeownership, Renting and Market Failures: Evidence from Indian Slums
Type
journal article
Date Issued
2020-07-31
Author(s)
Gupta, Neha
Abstract (De)
Housing rents are a major part of a slum household’s expenditure.
I exploit a large scale ’big-push’ national urban renewal policy
reform in India between 2005 and 2012 to empirically evaluate the
multi-dimensional effect of rental reforms and housing provisions on
home ownership, rental expenditures and quality of dwelling for slum
households. One of the main benefits accruing to the affordable housing
policy was to provide the entitlement of the land to the female
head of the households as a measure of women empowerment.1 Combining
a novel pooled cross-sectional household survey data for year
2002, 2008, 2012 and nighttime lights activity data at district level, I
find the reform significantly increases the real rents by 18.2% and the
probability to transition to homeownership by 16.7 percentage points.
Females are 2.4 percentage points more likely to be the head of the
household. The findings highlight the role of market failure.
I exploit a large scale ’big-push’ national urban renewal policy
reform in India between 2005 and 2012 to empirically evaluate the
multi-dimensional effect of rental reforms and housing provisions on
home ownership, rental expenditures and quality of dwelling for slum
households. One of the main benefits accruing to the affordable housing
policy was to provide the entitlement of the land to the female
head of the households as a measure of women empowerment.1 Combining
a novel pooled cross-sectional household survey data for year
2002, 2008, 2012 and nighttime lights activity data at district level, I
find the reform significantly increases the real rents by 18.2% and the
probability to transition to homeownership by 16.7 percentage points.
Females are 2.4 percentage points more likely to be the head of the
household. The findings highlight the role of market failure.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
SEPS - Quantitative Economic Methods
Refereed
No
Eprints ID
263618
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SlumsHousing.pdf
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