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Housing crowding in developing countries and willingness to pay for additional space : the case of Korea (English)

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  • Housing crowding in developing countries and willingness to pay for additional space : the case of Korea (English)
  • Lim, Gill-Chin; Follain, James; Renaud, Bertrand
  • World Bank (WB)


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Title Housing crowding in developing countries and willingness to pay for additional space : the case of Korea (English)
Similar Titles
Material Type Articles
Author(English)

Lim, Gill-Chin; Follain, James; Renaud, Bertrand

Publisher

World Bank (WB)

Date 1982
Language English
File Type Link
Subject Social Development < Education

Abstract

The very rapid rate of urban population growth in developing countries is placing great strain on their housing stock. Housing policies which aim at reducing or eliminating crowding are generally based on notions of needs and standards of adequacy which are more often based on arbitrarily selected criteria than on domestic economic conditions. This paper attempts to evaluate the willingness to pay for additional housing space by households and the validity of target housing standards. The paper uses three different estimation procedures, each with its own strengths and conceptual limitations, to determine whether they yield consistent estimates of household willingness to pay for space. They show consistently that the willingness to pay for additional space is less than 25 percent of the value of an extra unit of space, everything else being equal.