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The Market Value of Owner Occupied Housing and Public Infrastructure Services

Author

Listed:
  • Sergei Soares

    (Center for Global Development)

Abstract

Owner-occupied housing and public infrastructure services are a relevant part of the income distribution whose impacts have not yet been adequately studied, at least not from the distributive point of view. This paper suggests a way to find the market value for these services using hedonic prices. While far from new, this methodology is nevertheless useful in assigning values to these services. The paper uses Brazilian data from 1995, 2005, and 2015 to impute rental values for owner occupied housing and the associated infrastructure services. The results are that imputation of housing services considerably reduces inequality and that public infrastructure services have become more progressive as their expansion brings these services to increasingly poorer households.

Suggested Citation

  • Sergei Soares, 2018. "The Market Value of Owner Occupied Housing and Public Infrastructure Services," Commitment to Equity (CEQ) Working Paper Series 69, Tulane University, Department of Economics.
  • Handle: RePEc:tul:ceqwps:69
    as

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    File URL: http://repec.tulane.edu/RePEc/ceq/ceq69.pdf
    File Function: First version, 2018
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    References listed on IDEAS

    as
    1. Ferreira, Francisco H. G. & Lanjouw, Peter & Neri, Marcelo Côrtes, 2003. "A Robust Poverty Profile for Brazil Using Multiple Data Sources," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 57(1), January.
    2. Chris Elbers & Peter Lanjouw & Johan A. Mistiaen & Berk Özler & Kenneth Simler, 2003. "Are Neighbours Equal? Estimating Local Inequality in Three Developing Countries," WIDER Working Paper Series DP2003-52, World Institute for Development Economic Research (UNU-WIDER).
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    More about this item

    Keywords

    Public infrastructure services; hedonic prices; imputed rent; concentration coefficients; income distribution;
    All these keywords.

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution

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