Does titling matter? Evidence from housing markets in India

Antonio M. Bento, Somik V. Lall, Joel R. Landry

Research output: Contribution to journalArticle

Abstract

In this paper, we exploit the plausibly exogenous random relocation of slum dwellers in Pune, India to evaluate whether the provision of a formal title is capitalized into property values. Using propensity score matching methods, which address important sources of bias that are present in conventional Ordinary Least Squares (OLS) hedonic methods, we find no effect of titling. Our results suggest that slum improvements may be sufficient to enhance informal tenure rights and that formalizing those rights with a title has little additional impact. An analysis of heterogeneous treatment effects from titling confirms this conclusion, providing preliminary evidence when titling may complement or substitute for other slum interventions.

Original languageEnglish (US)
Pages (from-to)377-400
Number of pages24
JournalReview of Regional Studies
Volume48
Issue number3
StatePublished - Jan 1 2018

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slum
housing market
India
relocation
evidence
move
trend
effect
rights
method
analysis

All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • Earth-Surface Processes

Cite this

Bento, Antonio M. ; Lall, Somik V. ; Landry, Joel R. / Does titling matter? Evidence from housing markets in India. In: Review of Regional Studies. 2018 ; Vol. 48, No. 3. pp. 377-400.
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Does titling matter? Evidence from housing markets in India. / Bento, Antonio M.; Lall, Somik V.; Landry, Joel R.

In: Review of Regional Studies, Vol. 48, No. 3, 01.01.2018, p. 377-400.

Research output: Contribution to journalArticle

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