Reverting to informality: Unregistered property transactions and the erosion of the titling reform in Peru

Italo A. Gutierrez, Oswaldo Molina

Research output: Contribution to journalArticle in a journalpeer-review

Abstract

Titling programs have focused mostly on providing initial tenure security and have not properly addressed maintaining the formality of future property transactions. Deregularization due to unregistered transactions can threaten the long-run success of titling programs. In this study, we document the incidence of unregistered property transactions in urban slums in Peru. We also exploit a natural experiment to identify how costly and burdensome registration policies can increase property deregularization. Overall, our findings stress the necessity of considering specific components—those aimed at maintaining properties formally in the medium and long terms—in the design of urban titling programs.

Original languageEnglish
Pages (from-to)317-334
Number of pages17
JournalEconomic Development and Cultural Change
Volume69
Issue number1
Early online date19 Feb 2019
DOIs
StatePublished - 1 Oct 2020

Bibliographical note

Publisher Copyright: © 2020 by The University of Chicago. All rights reserved. Copyright: Copyright 2020 Elsevier B.V., All rights reserved.

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