IDEAS home Printed from https://ideas.repec.org/p/wbk/wbrwps/3596.html

Household savings and residential mobility in informal settlements

Author

Listed:
  • Lall, Somik V.
  • Suri, Ajay
  • Deichmann, Uwe

Abstract

Strategies to help the one billion people worldwide who live in informal settlements have mainly focused on slum upgrading, sites and services programs, and tenure security. In contrast, there has been less attention on what enables slum dwellers to transition into the formal housingsector, which has the dual benefits of improving service access and escaping social stigma. In this paper the authors investigate residential mobility among slum dwellers in Bhopal, India. Their analysis shows that one in five households succeeds in getting out of a slum settlement, and a major determinant is the household's ability to save on a regular basis. Due to limited outreach of institutional housing finance, most slum dwellers rely solely on household savings for purchasing a house. These findings underscore the urgent need to improve savings instruments for slum dwellers and to downmarket housing finance to reach the poorest residents of rapidly growing cities in developing countries.

Suggested Citation

  • Lall, Somik V. & Suri, Ajay & Deichmann, Uwe, 2005. "Household savings and residential mobility in informal settlements," Policy Research Working Paper Series 3596, The World Bank.
    • Handle: RePEc:wbk:wbrwps:3596
    as

    Download full text from publisher

    File URL: http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/05/15/000090341_20050515143752/Rendered/PDF/wps3596.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jalan, Jyotsna & Ravallion, Martin, 1999. "Income gains to the poor from workfare - estimates for Argentina's TRABAJAR Program," Policy Research Working Paper Series 2149, The World Bank.
    2. Angus Deaton & Christina Paxson, 2000. "Growth and Saving Among Individuals and Households," The Review of Economics and Statistics, MIT Press, vol. 82(2), pages 212-225, May.
    3. Buckley, Robert M. & Kalarickal, Jerry, 2004. "Shelter strategies for the urban poor : idiosyncratic and successful, but hardly mysterious," Policy Research Working Paper Series 3427, The World Bank.
    4. Jean O. Lanjouw & Philip I. Levy, 2002. "Untitled: A Study of Formal and Informal Property Rights in Urban Ecuador," Economic Journal, Royal Economic Society, vol. 112(482), pages 986-1019, October.
    5. Bertaud, Alain & Brueckner, Jan K., 2004. "Analyzing building height restrictions - predicted impacts, welfare costs, and a case study of Bangalore, India," Policy Research Working Paper Series 3290, The World Bank.
    6. Herbert Werlin, 1999. "The Slum Upgrading Myth," Urban Studies, Urban Studies Journal Limited, vol. 36(9), pages 1523-1534, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Orbeta, Aniceto Jr. C., 2006. "Children and Household Savings in the Philippines," Discussion Papers DP 2006-14, Philippine Institute for Development Studies.
    2. Orbeta, Aniceto Jr. C. Author_Email:, "undated". "Impact of Children on Household Savings in the Philippines," Philippine Journal of Development pjd_2005_vol__xxxii_no__2, Philippine Institute for Development Studies.
    3. Pedro Cavalcanti Ferreira & Alexander Monge-Naranjo & Luciene Torres de Mello Pereira, 2025. "Of Cities and Slums," Journal of Political Economy, University of Chicago Press, vol. 133(9), pages 2693-2734.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Somik V. Lall & Ajay Suri & Uwe Deichmann, 2006. "Household Savings and Residential Mobility in Informal Settlements in Bhopal, India," Urban Studies, Urban Studies Journal Limited, vol. 43(7), pages 1025-1039, June.
    2. David E. Dowall & Paavo Monkkonen, 2007. "Consequences of the Plano Piloto: The Urban Development and Land Markets of Brasília," Urban Studies, Urban Studies Journal Limited, vol. 44(10), pages 1871-1887, September.
    3. Coady, David & Grosh, Margaret & Hoddinott, John F., 2002. "Targeting outcomes redux," FCND briefs 144, International Food Policy Research Institute (IFPRI).
    4. Kapoor, Mudit & le Blanc, David, 2008. "Measuring risk on investment in informal (illegal) housing: Theory and evidence from Pune, India," Regional Science and Urban Economics, Elsevier, vol. 38(4), pages 311-329, July.
    5. Joanna Tyrowicz & Krzysztof Makarski & Piotr Zoch, 2025. "Demographic transition and the rise of wealth inequality," GRAPE Working Papers 101, GRAPE Group for Research in Applied Economics.
    6. Letrouit,Lucie Michele Maya & Selod,Harris, 2020. "Trust or Property Rights ? Can Trusted Relationships Substitute for Costly Land Registration in West African Cities ?," Policy Research Working Paper Series 9310, The World Bank.
    7. Evren Ceritoglu, 2017. "The effect of house price changes on cohort consumption in Turkey," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 17(3), pages 99-110.
    8. Mori, Hiroshi & Clason, Dennis L. & Ishibashi, Kimiko & Gorman, William D. & Dyck, John H., 2009. "Declining Orange Consumption in Japan: Generational Changes or Something Else?," Economic Research Report 55836, United States Department of Agriculture, Economic Research Service.
    9. Bertaud, Alain & Brueckner, Jan K., 2005. "Analyzing building-height restrictions: predicted impacts and welfare costs," Regional Science and Urban Economics, Elsevier, vol. 35(2), pages 109-125, March.
    10. Sumru Altug & Melih Can Firat, 2018. "Borrowing constraints and saving in Turkey," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 18(1), pages 1-11.
    11. Chen, Ying & Chen, Kevin Z., 2022. "Property Rights and Land Rental Markets: Evidence from a Quasi-experiment in China," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322541, Agricultural and Applied Economics Association.
    12. David Demery & Nigel Duck, 2006. "Demographic change and the UK savings rate," Applied Economics, Taylor & Francis Journals, vol. 38(2), pages 119-136.
    13. Fabio Soares & Yuri Suarez Dillon Soares, 2005. "The Socio-Economic Impact of Favela- Bairro: What do the Data Say?," OVE Working Papers 0805, Inter-American Development Bank, Office of Evaluation and Oversight (OVE).
    14. Päivi Kankaanranta, 2019. "A Cohort-Analysis of Age-Wealth Profile in Finland," Discussion Papers 130, Aboa Centre for Economics.
    15. Mozart Vitor Serra & David E. Dowall & Diana Motta & Michael Donovan, 2015. "Urban Land Markets and Urban Land Development: an Examination of Three Brazilian Cities: Brasília, Curitiba and Recife," Discussion Papers 0144, Instituto de Pesquisa Econômica Aplicada - IPEA.
    16. Geir Gustavsen & Kyrre Rickertsen, 2014. "Consumer cohorts and purchases of nonalcoholic beverages," Empirical Economics, Springer, vol. 46(2), pages 427-449, March.
    17. Brueckner, Jan K., 2013. "Slums in developing countries: New evidence for Indonesia," Journal of Housing Economics, Elsevier, vol. 22(4), pages 278-290.
    18. Misbah Tanveer Choudhry & Enrico Marelli & Marcello Signorelli, 2016. "Age dependency and labour productivity divergence," Applied Economics, Taylor & Francis Journals, vol. 48(50), pages 4823-4845, October.
    19. Deininger, Klaus & Ali, Daniel Ayalew & Alemu, Tekie, 2008. "Impacts of land certification on tenure security, investment, and land markets : evidence from Ethiopia," Policy Research Working Paper Series 4764, The World Bank.
    20. John K Gibson & Grant M Scobie, 2001. "Household Saving Behaviour in New Zealand: A Cohort Analysis," Treasury Working Paper Series 01/18, New Zealand Treasury.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wbk:wbrwps:3596. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Roula I. Yazigi (email available below). General contact details of provider: https://edirc.repec.org/data/dvewbus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.