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Access to employment and property values in Mexico

Author

Listed:
  • Atuesta, Laura H.
  • Ibarra-Olivo, J. Eduardo
  • Lozano-Gracia, Nancy
  • Deichmann, Uwe
Abstract
Location is one of the main characteristics households consider when buying a property or deciding where to live, since it determines accessibility to transport and hence to jobs and employment. Using a geographically-referenced dataset on new housing developments, this paper estimates how households value accessibility in Mexico City. 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). Results suggest that accessibility to employment subcenters is valued as an amenity by households but being closer to a Metro station is perceived as a disamenity. Moreover, households located in neighborhoods with a greater proportion of informal workers and with 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 because they are located farther away from employment opportunities. The results in this work stress the importance of thinking about integrated land use and transport policies.

Suggested Citation

  • Atuesta, Laura H. & Ibarra-Olivo, J. Eduardo & Lozano-Gracia, Nancy & Deichmann, Uwe, 2018. "Access to employment and property values in Mexico," Regional Science and Urban Economics, Elsevier, vol. 70(C), pages 142-154.
    • Handle: RePEc:eee:regeco:v:70:y:2018:i:c:p:142-154
    DOI: 10.1016/j.regsciurbeco.2018.03.005
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    References listed on IDEAS

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    10. Claudio A. Agostini & Gastón A. Palmucci, 2008. "The Anticipated Capitalisation Effect of a New Metro Line on Housing Prices," Fiscal Studies, Institute for Fiscal Studies, vol. 29(2), pages 233-256, June.
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    Cited by:

    1. Andr s G mez-Lobo & Daniel Oviedo, 2023. "Spatial Inequalities in Latin America: Mapping Aggregate to Micro-Level Disparities," LIS Working papers 869, LIS Cross-National Data Center in Luxembourg.
    2. Nakamura, Shohei & Avner, Paolo, 2021. "Spatial distributions of job accessibility, housing rents, and poverty: The case of Nairobi," Journal of Housing Economics, Elsevier, vol. 51(C).
    3. Gómez-Lobo, Andrés & Oviedo, Daniel, 2023. "Spatial inequalities in Latin America: mapping aggregate to micro-level disparities," LSE Research Online Documents on Economics 120691, London School of Economics and Political Science, LSE Library.
    4. Talat Munshi, 2020. "Accessibility, Infrastructure Provision and Residential Land Value: Modelling the Relation Using Geographic Weighted Regression in the City of Rajkot, India," Sustainability, MDPI, vol. 12(20), pages 1-16, October.

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    More about this item

    Keywords

    Accessibility; Housing location decisions; Spatial segregation; Hedonic housing models;
    All these keywords.

    JEL classification:

    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise

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