Access to Employment and Property Values in Mexico

36 Pages Posted: 28 Mar 2018

See all articles by Laura H. Atuesta

Laura H. Atuesta

Centro de Investigacion y Docencia Economicas

J. Eduardo Ibarra-Olivo

London School of Economics & Political Science (LSE) - Department of Geography and Environment

Nancy Lozano Gracia

World Bank

Uwe Deichmann

World Bank - Development Research Group (DECRG)

Date Written: March 27, 2018

Abstract

Location is one of the main characteristics households consider when buying a property or deciding where to live, since it determines accessibility to employment subcenters and public transport stations. Using a geographically-referenced data set on new housing developments, this paper estimates how households value accessibility in Mexico City. The results are shown considering road accessibility to formal employment subcenters (private accessibility) and distance to the main public transport stations in the city (public accessibility). The results suggest that accessibility to employment subcenters is considered an amenity for households, while being closer to a Metro station is perceived as a dis-amenity. Moreover, households located in neighborhoods with a greater proportion of informal workers and lower education levels give a lower value to private accessibility than households located in neighborhoods with a lower proportion of informal workers or in high-educated neighborhoods. These results are evidence of the existence of spatial segregation in the city, where disadvantaged households are segregated not only because of their economic conditions, but also because they are located farther away from employment opportunities.

Keywords: Urban Housing and Land Settlements, Urban Housing, Municipal Management and Reform, Urban Governance and Management, Railways Transport, Educational Sciences, Urban Transport, Transport in Urban Areas, Transport Services

Suggested Citation

Atuesta, Laura H. and Ibarra-Olivo, J. Eduardo and Lozano Gracia, Nancy and Deichmann, Uwe, Access to Employment and Property Values in Mexico (March 27, 2018). World Bank Policy Research Working Paper No. 8383, Available at SSRN: https://ssrn.com/abstract=3151181

Laura H. Atuesta (Contact Author)

Centro de Investigacion y Docencia Economicas

Carretera Mexico-Toluca 3655
Lomas de Santa Fe
Mexico City, 01210
Mexico

J. Eduardo Ibarra-Olivo

London School of Economics & Political Science (LSE) - Department of Geography and Environment

Houghton Street
London, WC2A 2AE
United Kingdom

Nancy Lozano Gracia

World Bank

1818 H Street, NW
Washington, DC 20433
United States

Uwe Deichmann

World Bank - Development Research Group (DECRG) ( email )

1818 H. Street, N.W.
MSN3-311
Washington, DC 20433
United States

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