arrow checkmark code cross email facebook magnifier pdf phone plus twitter user youtube

Biblioteca

Publicado en: Artículo en revista académica

Unexpected Guests: The Impact of Internal Displacement Inflows on Rental Prices in Colombian Host Cities

Emilio Depetris-Chauvin; Rafael J. Santos

Journal of Development Economics, September 2018. Vol. 134. Pages 289-309

Abstract: We study the causal impact of internally displaced people (IDP) inflows on rental prices in Colombian host cities. Following an instrumental variables approach we find that as IDP inflows increase, low-income rental prices increase and high-income rental prices decrease. We provide empirical evidence on two potential mechanisms for these findings: Excess demand for low-income housing puts upwards pressure on rental prices; increasing supply of high-income housing coupled with rising homicide rates put downwards pressure on rental prices.

 

Ir a publicación