The Incidence of Land Use Regulations
| dc.contributor.affiliation | Universidad EAFIT | spa |
| dc.contributor.author | Acosta Mejía, Camilo Andrés | |
| dc.contributor.eafitauthor | cacosta7@eafit.edu.co | |
| dc.coverage.spatial | Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees | eng |
| dc.date.accessioned | 2021-04-16T20:42:14Z | |
| dc.date.available | 2021-04-16T20:42:14Z | |
| dc.date.issued | 2021-04-14 | |
| dc.description.abstract | I study the welfare consequences of land use regulations for low- and high-skilled workers within a city. I use detailed geographic data for Cook County and Chicago in 2015-2016, together with a spatial quantitative model with two types of workers and real estate developers who face regulations. For identification, I use the 1923 Zoning Ordinance, which was the first comprehensive ordinance in Chicago. I find that an increase of 10 percentage points in the share of residential zoning in a block group, relative to block groups with more commercial zoning, leads to a 1.7% increase in housing prices, a 2.6% decrease in wages and a higher concentration of high-skilled residents. Welfare changes can be decomposed into changes in housing prices, sorting, wages and land rents. Results suggest that more mixed-use zoning and looser floor-to- area limits lead to welfare improvements, especially for low-skilled residents, and to a reduction in welfare inequality. | eng |
| dc.identifier.jel | O18 | |
| dc.identifier.jel | R14 | |
| dc.identifier.jel | R23 | |
| dc.identifier.jel | R31 | |
| dc.identifier.jel | R54 | |
| dc.identifier.uri | http://hdl.handle.net/10784/29463 | |
| dc.language.iso | eng | eng |
| dc.publisher | Universidad EAFIT | spa |
| dc.publisher.department | Escuela de Economía y Finanzas | spa |
| dc.rights.accessrights | info:eu-repo/semantics/openAccess | eng |
| dc.rights.local | Acceso abierto | spa |
| dc.subject.keyword | zoning | spa |
| dc.subject.keyword | FAR | spa |
| dc.subject.keyword | skills | spa |
| dc.subject.keyword | welfare | spa |
| dc.subject.keyword | inequality. | spa |
| dc.title | The Incidence of Land Use Regulations | eng |
| dc.type | workingPaper | eng |
| dc.type | info:eu-repo/semantics/workingPaper | eng |
| dc.type.hasVersion | draft | eng |
| dc.type.local | Documento de trabajo de investigación | spa |
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