Effect of Socio-Economic Stratification on House Value in Bogotá

Título traducido de la contribución: EL EFECTO DE LA ESTRATIFICACIÓN SOCIOECONÓMICA SOBRE EL VALOR DE LA VIVIENDA EN BOGOTÁ

Resultado de la investigación: Documento de Trabajo

Resumen

Este artículo investiga cómo el diseño de políticas fiscales urbanas afecta el valor de la
vivienda. Estudiamos el caso de la ciudad de Bogotá, donde la tarifa de diversos impuestos y
subsidios varía de acuerdo a un sistema de focalización que agrupa las viviendas según sus
condiciones exteriores y su entorno urbano (estratificación socioeconómica). Usamos un diseño
de regresión discontinua, y una completa base datos de avalúos catastrales y características
de las viviendas, para establecer cómo una mayor carga fiscal afecta el valor de la propiedad.
Nuestros resultados sugieren que la capitalización del impuesto, que debería generar menores
valores de la vivienda, se ve compensada por otros canales. Presentamos evidencia de que
uno de estos es que los propietarios reaccionan a la clasificación en estratos altos con mayor
inversión en conservación de la vivienda.
Idioma originalEnglish (US)
Número de páginas31
EstadoPublished - 2016

Huella dactilar

Socio-economics
Subsidies
Property values
Tax
Tax burden
Capitalization
Regression discontinuity design
Housing values
Fiscal policy

Citar esto

@techreport{0814f54989644d2383fa1ad7b499d190,
title = "Effect of Socio-Economic Stratification on House Value in Bogot{\'a}",
abstract = "This paper investigates the impact of urban fiscal policies on housing value. We use afocalization system in Bogot{\'a} where certain subsidies and taxes are targeted based on aclassification 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 iscompensated by other channels. We show evidence that as stratum increases, investment on the house maintenance improve.",
author = "{Sepulveda Rico}, {Carlos Eduardo} and Juan Gallego and Sergio Montoya",
year = "2016",
language = "English (US)",
type = "WorkingPaper",

}

Effect of Socio-Economic Stratification on House Value in Bogotá. / Sepulveda Rico, Carlos Eduardo; Gallego, Juan; Montoya, Sergio .

2016.

Resultado de la investigación: Documento de Trabajo

TY - UNPB

T1 - Effect of Socio-Economic Stratification on House Value in Bogotá

AU - Sepulveda Rico, Carlos Eduardo

AU - Gallego, Juan

AU - Montoya, Sergio

PY - 2016

Y1 - 2016

N2 - This paper investigates the impact of urban fiscal policies on housing value. We use afocalization system in Bogotá where certain subsidies and taxes are targeted based on aclassification 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 iscompensated by other channels. We show evidence that as stratum increases, investment on the house maintenance improve.

AB - This paper investigates the impact of urban fiscal policies on housing value. We use afocalization system in Bogotá where certain subsidies and taxes are targeted based on aclassification 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 iscompensated by other channels. We show evidence that as stratum increases, investment on the house maintenance improve.

UR - http://scioteca.caf.com/bitstream/handle/123456789/994/Gallego%2c%20Montoya%20%26%20Sep%C3%BAlveda%20%282016%29.pdf?sequence=1&isAllowed=y

M3 - Working paper

BT - Effect of Socio-Economic Stratification on House Value in Bogotá

ER -