American Economic Journal:
Economic Policy
ISSN 1945-7731 (Print) | ISSN 1945-774X (Online)
The Valuation of Local School Quality under School Choice
American Economic Journal: Economic Policy
vol. 14,
no. 2, May 2022
(pp. 509–37)
Abstract
School choice programs break the link between residential location and school attendance, and should weaken the capitalization of school quality into house prices. For the first time, I quantify the effect of one such program—charter school expansions—across several states using a dataset covering charter entries and house prices. I embed an event study of charter entry into a boundary discontinuity design and find that, on average, school choice decreases the valuation of traditional schools by four percentage points. Suggestive evidence shows school choice can lead to neighborhood change through resorting as school boundaries become less important.Citation
Zheng, Angela. 2022. "The Valuation of Local School Quality under School Choice." American Economic Journal: Economic Policy, 14 (2): 509–37. DOI: 10.1257/pol.20200678Additional Materials
JEL Classification
- H75 State and Local Government: Health; Education; Welfare; Public Pensions
- I21 Analysis of Education
- I24 Education and Inequality
- I28 Education: Government Policy
- R23 Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics
- R31 Housing Supply and Markets
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