Homeownership, Community Interactions, and Segregation

The authors consider a multi-community city where community quality is linked to residents' civic efforts, such as being proactive in preventing crime and ensuring the quality of publicly provided goods. Homeownership increases incentives for...

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Main Authors:	Hoff, Karla, Sen, Arijit
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, D.C. 2013
Subjects:	AGGREGATE DEMAND AIR POLLUTION APARTMENTS BENCHMARK CAPITAL GAINS CITIES CITIZENS COMMUNITIES CONFLICT CRIME DEBT DIMINISHING RETURNS ECONOMIC PERFORMANCE EMPIRICAL EVIDENCE EMPIRICAL STUDIES EQUILIBRIUM EXTERNALITIES EXTERNALITY FAMILIES HOMEOWNERS HOMES HOUSEHOLDS HOUSES HOUSING HOUSING CONTRACTS HOUSING MARKET HOUSING PROJECTS HOUSING UNITS INCOME INCOME DISTRIBUTION INDIFFERENCE CURVES INEFFICIENCY INEQUALITY INTEREST RATES LOCAL INSTITUTIONS MARGINAL COST MOBILITY MORAL HAZARD MULTIPLIER EFFECT NEIGHBORHOODS PEER GROUPS POLITICAL PARTICIPATION POLLUTION POOR HOUSING PRESENT VALUE PROPERTY VALUES PUBLIC GOOD RENTING RENTS SAFETY SAVINGS SOCIAL INTERACTIONS SOCIAL PROBLEMS SOCIETY SUPPLY CURVES URBAN DEVELOPMENT URBAN REDEVELOPMENT WEALTH APARTMENTS COMMUNITY ORGANIZATIONS COMMUNITY SAFETY HOUSING SUBSIDIES LOCAL GOVERNMENTS
Online Access:	http://documents.worldbank.org/curated/en/2004/05/4973500/homeownership-community-interactions-segregation http://hdl.handle.net/10986/14019

id	okr-10986-14019
recordtype	oai_dc
spelling	okr-10986-140192021-04-23T14:03:21Z Homeownership, Community Interactions, and Segregation Hoff, Karla Sen, Arijit AGGREGATE DEMAND AIR POLLUTION APARTMENTS BENCHMARK CAPITAL GAINS CITIES CITIZENS COMMUNITIES CONFLICT CRIME DEBT DIMINISHING RETURNS ECONOMIC PERFORMANCE EMPIRICAL EVIDENCE EMPIRICAL STUDIES EQUILIBRIUM EXTERNALITIES EXTERNALITY FAMILIES HOMEOWNERS HOMES HOUSEHOLDS HOUSES HOUSING HOUSING CONTRACTS HOUSING MARKET HOUSING PROJECTS HOUSING UNITS INCOME INCOME DISTRIBUTION INDIFFERENCE CURVES INEFFICIENCY INEQUALITY INTEREST RATES LOCAL INSTITUTIONS MARGINAL COST MOBILITY MORAL HAZARD MULTIPLIER EFFECT NEIGHBORHOODS PEER GROUPS POLITICAL PARTICIPATION POLLUTION POOR HOUSING PRESENT VALUE PROPERTY VALUES PUBLIC GOOD RENTING RENTS SAFETY SAVINGS SOCIAL INTERACTIONS SOCIAL PROBLEMS SOCIETY SUPPLY CURVES URBAN DEVELOPMENT URBAN REDEVELOPMENT WEALTH APARTMENTS COMMUNITIES COMMUNITY ORGANIZATIONS COMMUNITY SAFETY HOMEOWNERS HOUSEHOLDS HOUSING HOUSING PROJECTS HOUSING SUBSIDIES LOCAL GOVERNMENTS NEIGHBORHOODS POOR HOUSING PROPERTY VALUES PUBLIC GOOD RENTING URBAN DEVELOPMENT URBAN REDEVELOPMENT The authors consider a multi-community city where community quality is linked to residents' civic efforts, such as being proactive in preventing crime and ensuring the quality of publicly provided goods. Homeownership increases incentives for such efforts, but credit market imperfections force the poor to rent. Within-community externalities can lead to segregated cities-with the rich living with the rich in healthy homeowner communities, and the poor living with the poor in dysfunctional renter communities. The pattern of tenure segregation across communities in the United States accords well with the study's prediction. The authors analyze alternative tax-subsidy policies to alleviate inefficiencies in the housing market and identify the winners and losers under such policies. 2013-06-19T18:30:44Z 2013-06-19T18:30:44Z 2004-03 http://documents.worldbank.org/curated/en/2004/05/4973500/homeownership-community-interactions-segregation http://hdl.handle.net/10986/14019 English en_US Policy Research Working Paper;No.3316 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, D.C. Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	AGGREGATE DEMAND AIR POLLUTION APARTMENTS BENCHMARK CAPITAL GAINS CITIES CITIZENS COMMUNITIES CONFLICT CRIME DEBT DIMINISHING RETURNS ECONOMIC PERFORMANCE EMPIRICAL EVIDENCE EMPIRICAL STUDIES EQUILIBRIUM EXTERNALITIES EXTERNALITY FAMILIES HOMEOWNERS HOMES HOUSEHOLDS HOUSES HOUSING HOUSING CONTRACTS HOUSING MARKET HOUSING PROJECTS HOUSING UNITS INCOME INCOME DISTRIBUTION INDIFFERENCE CURVES INEFFICIENCY INEQUALITY INTEREST RATES LOCAL INSTITUTIONS MARGINAL COST MOBILITY MORAL HAZARD MULTIPLIER EFFECT NEIGHBORHOODS PEER GROUPS POLITICAL PARTICIPATION POLLUTION POOR HOUSING PRESENT VALUE PROPERTY VALUES PUBLIC GOOD RENTING RENTS SAFETY SAVINGS SOCIAL INTERACTIONS SOCIAL PROBLEMS SOCIETY SUPPLY CURVES URBAN DEVELOPMENT URBAN REDEVELOPMENT WEALTH APARTMENTS COMMUNITIES COMMUNITY ORGANIZATIONS COMMUNITY SAFETY HOMEOWNERS HOUSEHOLDS HOUSING HOUSING PROJECTS HOUSING SUBSIDIES LOCAL GOVERNMENTS NEIGHBORHOODS POOR HOUSING PROPERTY VALUES PUBLIC GOOD RENTING URBAN DEVELOPMENT URBAN REDEVELOPMENT
spellingShingle	AGGREGATE DEMAND AIR POLLUTION APARTMENTS BENCHMARK CAPITAL GAINS CITIES CITIZENS COMMUNITIES CONFLICT CRIME DEBT DIMINISHING RETURNS ECONOMIC PERFORMANCE EMPIRICAL EVIDENCE EMPIRICAL STUDIES EQUILIBRIUM EXTERNALITIES EXTERNALITY FAMILIES HOMEOWNERS HOMES HOUSEHOLDS HOUSES HOUSING HOUSING CONTRACTS HOUSING MARKET HOUSING PROJECTS HOUSING UNITS INCOME INCOME DISTRIBUTION INDIFFERENCE CURVES INEFFICIENCY INEQUALITY INTEREST RATES LOCAL INSTITUTIONS MARGINAL COST MOBILITY MORAL HAZARD MULTIPLIER EFFECT NEIGHBORHOODS PEER GROUPS POLITICAL PARTICIPATION POLLUTION POOR HOUSING PRESENT VALUE PROPERTY VALUES PUBLIC GOOD RENTING RENTS SAFETY SAVINGS SOCIAL INTERACTIONS SOCIAL PROBLEMS SOCIETY SUPPLY CURVES URBAN DEVELOPMENT URBAN REDEVELOPMENT WEALTH APARTMENTS COMMUNITIES COMMUNITY ORGANIZATIONS COMMUNITY SAFETY HOMEOWNERS HOUSEHOLDS HOUSING HOUSING PROJECTS HOUSING SUBSIDIES LOCAL GOVERNMENTS NEIGHBORHOODS POOR HOUSING PROPERTY VALUES PUBLIC GOOD RENTING URBAN DEVELOPMENT URBAN REDEVELOPMENT Hoff, Karla Sen, Arijit Homeownership, Community Interactions, and Segregation
relation	Policy Research Working Paper;No.3316
description	The authors consider a multi-community city where community quality is linked to residents' civic efforts, such as being proactive in preventing crime and ensuring the quality of publicly provided goods. Homeownership increases incentives for such efforts, but credit market imperfections force the poor to rent. Within-community externalities can lead to segregated cities-with the rich living with the rich in healthy homeowner communities, and the poor living with the poor in dysfunctional renter communities. The pattern of tenure segregation across communities in the United States accords well with the study's prediction. The authors analyze alternative tax-subsidy policies to alleviate inefficiencies in the housing market and identify the winners and losers under such policies.
format	Publications & Research :: Policy Research Working Paper
author	Hoff, Karla Sen, Arijit
author_facet	Hoff, Karla Sen, Arijit
author_sort	Hoff, Karla
title	Homeownership, Community Interactions, and Segregation
title_short	Homeownership, Community Interactions, and Segregation
title_full	Homeownership, Community Interactions, and Segregation
title_fullStr	Homeownership, Community Interactions, and Segregation
title_full_unstemmed	Homeownership, Community Interactions, and Segregation
title_sort	homeownership, community interactions, and segregation
publisher	World Bank, Washington, D.C.
publishDate	2013
url	http://documents.worldbank.org/curated/en/2004/05/4973500/homeownership-community-interactions-segregation http://hdl.handle.net/10986/14019
_version_	1764430367988645888

Homeownership, Community Interactions, and Segregation

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