住房选择是低收入家庭面临风险的函数

IF 1.2 Q3 BUSINESS, FINANCE

Journal of Emerging Market Finance Pub Date : 2020-04-01 DOI:10.1177/0972652719877475

A. Sahasranaman, V. Prasad, Aditi Balachander

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引用次数: 2

摘要

为低收入人群设计住房解决方案一直是印度等发展中国家最紧迫的政策问题之一。在这项工作中，我们探讨了低收入家庭面临的风险——失业、健康和死亡——对他们选择住房安排的影响。我们使用模拟来研究面临这些风险的程式化低收入家庭的长期财富演变，并发现，平均而言，租赁住房显著降低了随着时间的推移出现不受欢迎的财富波动的风险。从政策角度来看，这意味着除了传统的以所有权为基础的住房战略外，还要更加重视和鼓励发展低收入租赁市场，使用诸如提供租赁凭证、租到拥有模式或长期租赁等战略。制定住房解决方案，包括一系列租赁和所有权模式，对于确保所有城市居民都能获得安全和负担得起的住房至关重要。JEL代码:C63, O18

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Housing Choice as a Function of Risks Confronting Low-income Households

The design of housing solutions for low-income populations has been one of the most pressing policy concerns in developing countries like India. In this work, we explore the effect of risks confronting low-income households—unemployment, health and mortality—on their choice of housing arrangements. We use simulations to study the evolution of long-term wealth of a stylised low-income household faced with these risks and find that, on average, rental housing significantly reduces the risk of undesirable wealth fluctuations over time. From a policy perspective, this means greater focus and incentives for the development of low-income rental markets using strategies such as provision of rental vouchers, rent-to-own models or long-term leases, in addition to the traditional ownership-based housing strategies. The development of housing solutions encompassing a range of rental and ownership models will be critical to ensuring the availability of safe and affordable housing for all urban residents. JEL Codes: C63, O18

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来源期刊

Journal of Emerging Market Finance BUSINESS, FINANCE-

CiteScore

1.80

自引率

33.30%

发文量

期刊介绍： The Journal of Emerging Market Finance is a forum for debate and discussion on the theory and practice of finance in emerging markets. While the emphasis is on articles that are of practical significance, the journal also covers theoretical and conceptual aspects relating to emerging financial markets. Peer-reviewed, the journal is equally useful to practitioners and to banking and investment companies as to scholars.