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Linkage among School Performance, Housing Prices, and Residential Mobility

Author

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  • Yoojin Yi

    (Department of Agricultural Economics and Rural Development, Seoul National University, Seoul 08826, Korea)

  • Euijune Kim

    (Department of Agricultural Economics and Rural Development, Seoul National University, Seoul 08826, Korea)

  • Eunjin Choi

    (Department of Agricultural Economics and Rural Development, Seoul National University, Seoul 08826, Korea)

Abstract

Ensuring equal opportunity of quality basic education is critical for a sustainable society, but access to high-quality public education is limited by the place of residence and income level of the household, especially under rigid geographic school assignment. This paper identifies multilateral linkages among academic performance of elementary school, housing prices, and residential mobility in Seoul. A spatial simultaneous equation system is applied to address feedback simultaneity and spatial interactions between local housing market and residential mobility. The results show that school performance positively affects both housing prices and population in-migration, but the increase in housing prices discourages the residential move into affluent school districts. Based on the finding that discouraging effect of housing price premium on population in-migration outweighs the population inflow attracted by school performance, this paper suggests policies to reduce the inequality of educational achievements.

Suggested Citation

  • Yoojin Yi & Euijune Kim & Eunjin Choi, 2017. "Linkage among School Performance, Housing Prices, and Residential Mobility," Sustainability, MDPI, vol. 9(6), pages 1-18, June.
    • Handle: RePEc:gam:jsusta:v:9:y:2017:i:6:p:1075-:d:102126
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    Cited by:

    1. Changhyo Yi & Kijung Kim, 2018. "A Machine Learning Approach to the Residential Relocation Distance of Households in the Seoul Metropolitan Region," Sustainability, MDPI, vol. 10(9), pages 1-19, August.
    2. Chaohai Shen & Tong Sheng & Xingheng Shi & Bingquan Fang & Xiaoqian Lu & Xiaolan Zhou, 2022. "The Relationship between Housing Price, Teacher Salary Improvement, and Sustainable Regional Economic Development," Land, MDPI, vol. 11(12), pages 1-21, December.
    3. Eun Jung Kim & Hyunjung Kim, 2020. "Neighborhood Walkability and Housing Prices: A Correlation Study," Sustainability, MDPI, vol. 12(2), pages 1-18, January.

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