Mariaflavia Harari

Mariaflavia Harari
  • Assistant Professor of Real Estate
  • Leonard J. Horwitz Faculty Scholar

Contact Information

  • office Address:

    428 Vance Hall
    3733 Spruce Street
    Philadelphia, PA 19104-6301

Research Interests: urban economics, development economics

Links: CV, Personal Website, Google Scholar

Overview

EDUCATION

Massachusetts Institute of Technology (MIT), PhD, Economics–2016
Bocconi University, M.Sc. summa cum laude, Economics and Social Sciences–2009
Bocconi University, B.A. summa cum laude, Economics and Social Sciences–2007

Academic Positions Held

Assistant Professor of Real Estate, The Wharton School, University of Pennsylvania, 2015-present

Continue Reading

Research

  • Mariaflavia Harari and Maisy Wong (Draft), Colonial Legacy and Land Market Formality. Abstract

    We study the role of Dutch colonial institutions on urban development for the megacity of Jakarta, Indonesia. Using historical maps of Dutch settlements and a rich granular database, we implement a boundary discontinuity design comparing locations within 200 meters of Dutch boundaries. We find that historical Dutch areas today have significantly lower parcel density, are more likely to have formally registered parcels, and have more regular parcel layout, pointing to the importance of planning and mapping. Dutch settlements are also more likely to appear formal, as per a photographic index that ranks the appearance of neighborhoods. More broadly, Dutch areas are 11 percentage points more likely to have tall buildings (with more than 3 floors) and have 17 log points higher assessed land values. We consider channels such as natural advantage, direct Dutch investments, and land market institutions.

  • Mariaflavia Harari (2021), Cities in Bad Shape: Urban Geometry in India, American Economic Review, 10(8): 2377-2421, 2020.. Abstract

    The spatial layout of cities is an important feature of urban form, highlighted by urban planners but overlooked by economists. This paper investigates the causal economic implications of city shape in India. I measure cities’ geometric properties over time using satellite imagery and historical maps. I develop an instrument for urban shape based on geographic obstacles encountered by expanding cities. Compact city shape is associated with faster population growth and households display positive willingness to pay for more compact layouts. Transit accessibility is an important channel. Land use regulations can contribute to deteriorating city shape.

     

  • Mariaflavia Harari and Guido Tabellini “The Effect of Culture on the Functioning of Institutions: Evidence from European Regions”, CESifo DICE Report 1/2009, forthcoming in Harrison, L. and E. Yasin, eds. “Culture Matters II: Focus on Russia”, New York: Lexington Books.
  • Mariaflavia Harari (2019), Women’s Inheritance Rights and Bargaining Power: Evidence from Kenya, Economic Development and Cultural Change, 2019, Vol. 68 (1), pp. 189-238. Abstract

    This paper investigates the human capital effects of a legal reform granting Kenyan women equal inheritance rights. I employ a difference-in-differences strategy, exploiting variation in pre-reform inheritance rights across religious groups. I find that women exposed to the reform are more educated, less likely to undergo genital mutilation, more likely to receive prenatal care, and that they delay marriage and childbearing. They also tend to participate more in family decisions, suggesting improved bargaining power as the main channel. These findings suggest that legal recognition of women’s inheritance rights can be beneficial for women even in contexts of poor enforcement.

  • Mariaflavia Harari and Maisy Wong (Work In Progress), “Slum Upgrading and Long-run Urban Development: Evidence from Indonesia” (new draft). Abstract

    Developing countries face massive urbanization and slum upgrading is a popular policy to improve shelter for many. Yet, preserving slums at the expense of formal developments can raise concerns of misallocation of land. We provide causal long-term impacts of the 1969-1984 KIP program, which provided basic upgrades to 5 million residents covering 25% of land in Jakarta, Indonesia. We assemble high-resolution data on program boundaries and 2015 outcomes to address program selection bias. On average, KIP areas today have lower land values, shorter buildings, and are more informal, per a novel photographs-based slum index. The negative effects are concentrated within 5km of the CBD. We develop a spatial equilibrium model to characterize where the welfare implications of KIP are the largest. Counterfactuals suggest 77% of the welfare effects from removing KIP stem from land in the center and highlight how to mitigate losses to displaced residents. JEL Classifications: R14, R31, R4.

  • Mariaflavia Harari (2018), Conflict, Climate and Cells: a Disaggregated Analysis, (joint with Eliana La Ferrara), Review of Economics and Statistics, 2018, Vol. 100 (4), pp. 594-608. Abstract

    We conduct a disaggregated empirical analysis of civil conflict at the subnational level in Africa over 1997-2011 using a new gridded dataset. We construct an original measure of agriculture-relevant weather shocks exploiting within-year variation in weather and in crop growing season, and spatial variation in crop cover. Temporal and spatial spillovers in conflict are addressed through spatial econometric techniques. Negative shocks occurring during the growing season of local crops affect conflict incidence persistently, and local conflict spills over to neighboring cells. We use our estimates to trace the dynamic response to shocks and predict how future warming may affect violence.

     

Teaching

Past Courses

  • FNCE2090 - Real Estate Investments

    This course provides an introduction to real estate with a focus on investment and financing issues. Project evaluation, financing strategies, investment decision making and real estate capital markets are covered. No prior knowledge of the industry is required, but students are expected to rapidly acquire a working knowledge of real estate markets. Classes are conducted in a standard lecture format with discussion required. The course contains cases that help students evaluate the impact of more complex financing and capital markets tools used in real estate. There are case studies and two midterms, (depending on instructor).

  • FNCE7210 - Real Estate Investments

    This course provides an introduction to real estate with a focus on investment and financing issues. Project evaluation, financing strategies, investment decision making and capital markets are covered. No prior knowledge of the industry is required, but students are expected to rapidly acquire a working knowledge of real estate markets. Classes are conducted in a standard lecture format with discussion required. The course contains cases that help students evaluate the impact of more complex financing and capital markets tools used in real estate. Lecture with discussion required.

  • REAL2090 - Real Estate Investments

    This course provides an introduction to real estate with a focus on investment and financing issues. Project evaluation, financing strategies, investment decision making and real estate capital markets are covered. No prior knowledge of the industry is required, but students are expected to rapidly acquire a working knowledge of real estate markets. Classes are conducted in a standard lecture format with discussion required. The course contains cases that help students evaluate the impact of more complex financing and capital markets tools used in real estate. There are case studies and two midterms, (depending on instructor).

  • REAL7210 - Real Estate Investments

    This course provides an introduction to real estate with a focus on investment and financing issues. Project evaluation, financing strategies, investment decision making and capital markets are covered. No prior knowledge of the industry is required, but students are expected to rapidly acquire a working knowledge of real estate markets. Classes are conducted in a standard lecture format with discussion required. The course contains cases that help students evaluate the impact of more complex financing and capital markets tools used in real estate. Lecture with discussion required.

In the News

Knowledge @ Wharton

Activity

Latest Research

Mariaflavia Harari and Maisy Wong (Draft), Colonial Legacy and Land Market Formality.
All Research

In the News

For New Ideas, Think Inside (This) Box

In this Nano Tool for Leaders, Penn's David Resnick offers tips on how to set helpful constraints that will unlock your creativity.Read More

Knowledge @ Wharton - 2024/06/25
All News