The Importance of Community Attributes in Household Residential Location Decisions

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dc.contributor.authorOspina, Monica
dc.contributor.authorSantiago, Bohórquez
dc.contributor.authorAndrea, Serna
dc.contributor.authorLaura, Castañeda
dc.coverage.spatialMedellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degreeseng
dc.creator.emailmospina6@eafit.edu.cospa
dc.creator.emailsbohorqu@eafit.edu.cospa
dc.date.accessioned2013-08-27T20:37:43Z
dc.date.available2013-08-27T20:37:43Z
dc.date.issued2013-08-27
dc.description.abstractThis study identifies how community attributes affect household residential location decisions in Medellin, Colombia. The empirical model applies the revealed preference principle: each household is assumed to have made an optimal location decision given a set of alternatives. Using household data, we estimate a conditional logit choice model for residential communities by controlling for both individual and neighborhood characteristics, including environmental attributes. The set of alternatives for each household are defined using the applicable neighborhood’s socioeconomic and geographic characteristics. The results provide an estimate of household preferences for the many characteristics of the potential choices in the choice set. In the case of Medellin, we found positive and significant preferences for public provided goods such as public schools and security but relatively low preferences for recreational and cultural spaces; households prefer that the latter be provided by the private sector.eng
dc.identifier.jelR21
dc.identifier.jelR23
dc.identifier.jelQ50
dc.identifier.urihttp://hdl.handle.net/10784/1067
dc.language.isoengeng
dc.publisherUniversidad EAFITspa
dc.publisher.departmentEscuela de Economía y Finanzasspa
dc.rights.accessrightsinfo:eu-repo/semantics/openAccesseng
dc.rights.localAcceso abiertospa
dc.subject.keywordHousing Demandeng
dc.subject.keywordEnvironmental Economicseng
dc.subject.keywordNeighborhood Characteristicseng
dc.titleThe Importance of Community Attributes in Household Residential Location Decisionseng
dc.typeworkingPapereng
dc.typeinfo:eu-repo/semantics/workingPapereng
dc.type.hasVersiondrafteng
dc.type.localDocumento de trabajo de investigaciónspa

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