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dc.contributor.authorField, Erica Marie
dc.date.accessioned2010-02-12T15:21:26Z
dc.date.issued2005
dc.identifier.citationField, Erica Marie. 2005. Property rights and investment in urban slums. Journal of the European Economic Association 3(2-3): 279-290.en_US
dc.identifier.issn1542-4766en_US
dc.identifier.issn1542-4774en_US
dc.identifier.urihttp://nrs.harvard.edu/urn-3:HUL.InstRepos:3634150
dc.description.abstractThis paper examines the effect of changes in tenure security on residential investment in urban squatter neighborhoods. To address the endogeneity of property rights, I make use of variation in ownership status induced by a nation-wide titling program in Peru. In a difference-in-difference analysis, I compare the change in housing investment before and after the program among participating households to the change in investment among two samples of non-participants. My results indicate that strengthening property rights in urban slums has a significant effect on residential investment: the rate of housing renovation rises by more than two-thirds of the baseline level. The bulk of the increase is financed without the use of credit, indicating that changes over time reflect an increase in investment incentives related to lower threat of eviction.en_US
dc.description.sponsorshipEconomicsen_US
dc.language.isoen_USen_US
dc.publisherMIT Pressen_US
dc.relation.isversionofhttp://dx.doi.org/10.1162/jeea.2005.3.2-3.279en_US
dc.relation.hasversionhttp://www.economics.harvard.edu/faculty/field/files/FieldinvestJEEA.pdf
dash.licenseMETA_ONLY
dc.titleProperty Rights and Investment in Urban Slumsen_US
dc.typeJournal Articleen_US
dc.description.versionAccepted Manuscripten_US
dc.relation.journalJournal of the European Economic Associationen_US
dash.depositing.authorField, Erica Marie
dash.embargo.until10000-01-01
dc.identifier.doi10.1162/jeea.2005.3.2-3.279*
dash.contributor.affiliatedField, Erica Marie


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