Unexpected guests: The impact of internal displacement inflows on rental prices in Colombian host cities

• 成果类型: Article
• 署名作者: Depetris-Chauvin, Emilio; Santos, Rafael J.
• 署名单位: Pontificia Universidad Catolica de Chile; Pontificia Universidad Catolica de Chile; Universidad de los Andes (Colombia)
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2018.05.006
• 发表日期: 2018
• 页码: 289-309
• 关键词: Internal displaced people; migration; crime; Rental prices

摘要

We study the causal impact of internally displaced people (IDP) inflows on rental prices in Colombian host cities. Following an instrumental variables approach we find that as IDP inflows increase, low-income rental prices increase and high-income rental prices decrease. We provide empirical evidence on two potential mechanisms for these findings: Excess demand for low-income housing puts upwards pressure on rental prices; increasing supply of high-income housing coupled with rising homicide rates put downwards pressure on rental prices.