How Urban Land Titling and Registry Reform Affect Land and Credit Markets : Evidence from Lesotho

Using spatial fixed effects and time-varying controls, this paper draws on complete registry data for 1981–2019, supplemented by satellite imagery, to analyze impacts of urban land titling for some 40,000 grid cells in Lesotho. Beyond confirming th...

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Main Authors:	Deininger, Klaus, Ali, Daniel Ayalew
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2022
Subjects:	URBAN LAND POLICY REFORM SYSTEMATIC LAND REGISTRATION FORMAL LAND MARKET CREDIT MARKET GENDER AND LAND RIGHTS LAW AND EQUALITY EQUITY LAND RIGHTS ECONOMIC DEVELOPMENT AND LAND RIGHTS PROPERTY RIGHTS LAND TITLING LESOTHO LAND ADMINISTRATION REFORM PROJECT (LARP)
Online Access:	http://documents.worldbank.org/curated/en/099441205162241674/IDU09da259ca0f0ed045ad0ba7b0af83800a9bf4 http://hdl.handle.net/10986/37458

id	okr-10986-37458
recordtype	oai_dc
spelling	okr-10986-374582022-05-20T05:10:31Z How Urban Land Titling and Registry Reform Affect Land and Credit Markets : Evidence from Lesotho Deininger, Klaus Ali, Daniel Ayalew URBAN LAND POLICY REFORM SYSTEMATIC LAND REGISTRATION FORMAL LAND MARKET CREDIT MARKET GENDER AND LAND RIGHTS LAW AND EQUALITY EQUITY LAND RIGHTS ECONOMIC DEVELOPMENT AND LAND RIGHTS PROPERTY RIGHTS LAND TITLING LESOTHO LAND ADMINISTRATION REFORM PROJECT (LARP) Using spatial fixed effects and time-varying controls, this paper draws on complete registry data for 1981–2019, supplemented by satellite imagery, to analyze impacts of urban land titling for some 40,000 grid cells in Lesotho. Beyond confirming the short-term impacts on female co-ownership and investment, previously reported, the paper documents medium-term impacts on land sale and mortgage market activity and women’s participation in these markets. Although titling was instrumental in ensuring the effectiveness of an earlier legal reform that allowed women to be co-owners of land, the credit and land market effects are due not to titling but to changes in policy to reduce the transaction cost of registering land that took effect just before titling started. Downward shifts in the time required to register transactions support this interpretation. The paper concludes by discussing what the evidence implies for design and evaluation of property registration programs. 2022-05-19T19:12:20Z 2022-05-19T19:12:20Z 2022-05 Working Paper http://documents.worldbank.org/curated/en/099441205162241674/IDU09da259ca0f0ed045ad0ba7b0af83800a9bf4 http://hdl.handle.net/10986/37458 English Policy Research Working Papers;10043 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Policy Research Working Paper Publications & Research Africa Eastern and Southern (AFE) Africa Lesotho
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	URBAN LAND POLICY REFORM SYSTEMATIC LAND REGISTRATION FORMAL LAND MARKET CREDIT MARKET GENDER AND LAND RIGHTS LAW AND EQUALITY EQUITY LAND RIGHTS ECONOMIC DEVELOPMENT AND LAND RIGHTS PROPERTY RIGHTS LAND TITLING LESOTHO LAND ADMINISTRATION REFORM PROJECT (LARP)
spellingShingle	URBAN LAND POLICY REFORM SYSTEMATIC LAND REGISTRATION FORMAL LAND MARKET CREDIT MARKET GENDER AND LAND RIGHTS LAW AND EQUALITY EQUITY LAND RIGHTS ECONOMIC DEVELOPMENT AND LAND RIGHTS PROPERTY RIGHTS LAND TITLING LESOTHO LAND ADMINISTRATION REFORM PROJECT (LARP) Deininger, Klaus Ali, Daniel Ayalew How Urban Land Titling and Registry Reform Affect Land and Credit Markets : Evidence from Lesotho
geographic_facet	Africa Eastern and Southern (AFE) Africa Lesotho
relation	Policy Research Working Papers;10043
description	Using spatial fixed effects and time-varying controls, this paper draws on complete registry data for 1981–2019, supplemented by satellite imagery, to analyze impacts of urban land titling for some 40,000 grid cells in Lesotho. Beyond confirming the short-term impacts on female co-ownership and investment, previously reported, the paper documents medium-term impacts on land sale and mortgage market activity and women’s participation in these markets. Although titling was instrumental in ensuring the effectiveness of an earlier legal reform that allowed women to be co-owners of land, the credit and land market effects are due not to titling but to changes in policy to reduce the transaction cost of registering land that took effect just before titling started. Downward shifts in the time required to register transactions support this interpretation. The paper concludes by discussing what the evidence implies for design and evaluation of property registration programs.
format	Working Paper
author	Deininger, Klaus Ali, Daniel Ayalew
author_facet	Deininger, Klaus Ali, Daniel Ayalew
author_sort	Deininger, Klaus
title	How Urban Land Titling and Registry Reform Affect Land and Credit Markets : Evidence from Lesotho
title_short	How Urban Land Titling and Registry Reform Affect Land and Credit Markets : Evidence from Lesotho
title_full	How Urban Land Titling and Registry Reform Affect Land and Credit Markets : Evidence from Lesotho
title_fullStr	How Urban Land Titling and Registry Reform Affect Land and Credit Markets : Evidence from Lesotho
title_full_unstemmed	How Urban Land Titling and Registry Reform Affect Land and Credit Markets : Evidence from Lesotho
title_sort	how urban land titling and registry reform affect land and credit markets : evidence from lesotho
publisher	World Bank, Washington, DC
publishDate	2022
url	http://documents.worldbank.org/curated/en/099441205162241674/IDU09da259ca0f0ed045ad0ba7b0af83800a9bf4 http://hdl.handle.net/10986/37458
_version_	1764487193200427008

How Urban Land Titling and Registry Reform Affect Land and Credit Markets : Evidence from Lesotho

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