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There's More Than One Way to Get a House: Housing Strategies in Panama

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Author Info
Michael Jacobs
William D. Savedoff
Abstract

This paper uses household data from two cities in Panama to evaluate the determinants of the tenure decision in the context of two models. The key factors explaining the decision to rent or own are those associated with the family`s lifecycle, while the choice between buying a complete house and progressive building is affected primarily by income and assets.

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Paper provided by Inter-American Development Bank, Research Department in its series RES Working Papers with number 4156.

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Date of creation: Jan 1999
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Handle: RePEc:idb:wpaper:4156

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  1. Malpezzi, Stephen & Mayo, Stephen K., 1987. "User cost and housing tenure in developing countries," Journal of Development Economics, Elsevier, vol. 25(1), pages 197-220, February. [Downloadable!] (restricted)
  2. Hoy, Michael & Jimenez, Emmanuel, 1991. "Squatters' Rights and Urban Development: An Economic Perspective," Economica, London School of Economics and Political Science, vol. 58(229), pages 79-92, February. [Downloadable!] (restricted)
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  3. Buckley, Robert M, 1994. "Housing Finance in Developing Countries: The Role of Credible Contracts," Economic Development and Cultural Change, University of Chicago Press, vol. 42(2), pages 317-32, January.
  4. Daniere, Amrita, 1992. "Determinants of tenure choice in the third world: An empirical study of Cairo and Manila," Journal of Housing Economics, Elsevier, vol. 2(2), pages 159-184, June. [Downloadable!] (restricted)
  5. Henderson, J Vernon & Ioannides, Yannis M, 1983. "A Model of Housing Tenure Choice," American Economic Review, American Economic Association, vol. 73(1), pages 98-113, March. [Downloadable!] (restricted)
  6. Eckstein, Susan, 1990. "Urbanization revisited: Inner-city slum of hope and squatter settlement of despair," World Development, Elsevier, vol. 18(2), pages 165-181, February. [Downloadable!] (restricted)
  7. Friedman, Joseph & Jimenez, Emmanuel & Mayo, Stephen K., 1988. "The demand for tenure security in developing countries," Journal of Development Economics, Elsevier, vol. 29(2), pages 185-198, September. [Downloadable!] (restricted)
  8. Van Lindert, Paul & Van Westen, August, 1991. "Household shelter strategies in comparative perspective: Evidence from low-income groups in Bamako and La Paz," World Development, Elsevier, vol. 19(8), pages 1007-1028, August. [Downloadable!] (restricted)
  9. Jimenez, Emmanuel & Keare, Douglas H., 1984. "Housing consumption and permanent income in developing countries: Estimates from panel data in El Salvador," Journal of Urban Economics, Elsevier, vol. 15(2), pages 172-194, March. [Downloadable!] (restricted)
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