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Do Charter Schools Affect Property Values?

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Author Info

  • Horowitz, John

    (Ball State)

  • Keil, Stanley

    (Ball State)

  • Spector, Lee

    (Ball State)

Abstract

Taxpayers are often concerned that introducing a charter school in their neighborhood will decrease their property values. We test this proposition by using three methods. We test the size and significance of the distance from a charter school with respect to property values; whether the intervention of a charter school changes the growth rate of property values; and whether the distance from a charter school has a different impact than the distance from a public school in similar neighborhoods. For the most part, we find little evidence that the existence of a charter school affects property values.

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File URL: http://journal.srsa.org/ojs/index.php/RRS/article/view/201/156
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Bibliographic Info

Article provided by Southern Regional Science Association in its journal Review of Regional Studies.

Volume (Year): 39 (2009)
Issue (Month): 3 ()
Pages: 297-316

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Handle: RePEc:rre:publsh:v:39:y:2009:i:3:p:297-316

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  1. Henry Levin & Cyrus Driver, 1997. "Cost of an Educational Voucher System," Education Economics, Taylor & Francis Journals, vol. 5(3), pages 265-283.
  2. West, Edwin G & Palsson, Halldor, 1988. "Parental Choice of School Characteristics: Estimation Using State-Wide Data," Economic Inquiry, Western Economic Association International, vol. 26(4), pages 725-40, October.
  3. Dee, Thomas S., 1998. "Competition and the quality of public schools," Economics of Education Review, Elsevier, vol. 17(4), pages 419-427, October.
  4. Jeffrey R. Henig & Jason A. MacDonald, 2002. "Locational Decisions of Charter Schools: Probing the Market Metaphor," Social Science Quarterly, Southwestern Social Science Association, vol. 83(4), pages 962-980.
  5. Kathy J. Hayes & Lori L. Taylor, 1996. "Neighborhood school characteristics: what signals quality to homebuyers?," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q IV, pages 2-9.
  6. Patrick Bayer & Fernando Ferreira & Robert McMillan, 2007. "A Unified Framework for Measuring Preferences for Schools and Neighborhoods," Working Papers 07-27, Center for Economic Studies, U.S. Census Bureau.
  7. Reback, Randall, 2005. "House prices and the provision of local public services: capitalization under school choice programs," Journal of Urban Economics, Elsevier, vol. 57(2), pages 275-301, March.
  8. Evans, William N & Schwab, Robert M, 1995. "Finishing High School and Starting College: Do Catholic Schools Make a Difference?," The Quarterly Journal of Economics, MIT Press, vol. 110(4), pages 941-74, November.
  9. G. Donald Jud & James M. Watts, 1981. "Schools and Housing Values," Land Economics, University of Wisconsin Press, vol. 57(3), pages 459-470.
  10. Cecilia Elena Rouse, 1998. "Private School Vouchers And Student Achievement: An Evaluation Of The Milwaukee Parental Choice Program," The Quarterly Journal of Economics, MIT Press, vol. 113(2), pages 553-602, May.
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Cited by:
  1. Amy Ellen Schwartz & Ioan Voicu & Keren Mertens Horn, 2014. "Do Choice Schools Break the Link Between Public Schools and Property Values? Evidence from House Prices in New York City," Working Papers 23, University of Massachusetts Boston, Economics Department.

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