Advanced Search
MyIDEAS: Login to save this paper or follow this series

School Quality and Housing Prices: Empirical Evidence Based on a Natural Experiment in Shanghai, China

Contents:

Author Info

  • Hao Feng
  • Ming Lu
Registered author(s):

    Abstract

    The extent to which the quantity and quality of education is capitalized into housing prices is a key issue in understanding the relationship between allocation of educational resources and the housing market. Using monthly panel data of 52 residential areas in Shanghai and employing a natural experiment of designating Shanghai Experimental Model Senior High Schools (EMSHS), we find that housing prices in Shanghai have capitalized the access to quality schools and other public goods. One quality school per square kilometer raises average housing prices by approximately 19%, and one best EMSHS per square kilometer increases housing prices by 21%. We also match the schools designated for EMSHS with schools of similar quality but not designated for EMSHS, and compare housing prices in the corresponding areas. We find that the designation increased the housing prices, showing that dissemination of information about school quality was significantly affected by the designation.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://gcoe.ier.hit-u.ac.jp/research/discussion/2008/pdf/gd10-154.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Institute of Economic Research, Hitotsubashi University in its series Global COE Hi-Stat Discussion Paper Series with number gd10-154.

    as in new window
    Length:
    Date of creation: Nov 2010
    Date of revision:
    Handle: RePEc:hst:ghsdps:gd10-154

    Contact details of provider:
    Postal: 2-1 Naka, Kunitachi City, Tokyo 186
    Phone: +81-42-580-8327
    Fax: +81-42-580-8333
    Email:
    Web page: http://www.ier.hit-u.ac.jp/
    More information through EDIRC

    Related research

    Keywords: education; housing market; capitalization; public goods; natural experiment;

    This paper has been announced in the following NEP Reports:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:hst:ghsdps:gd10-154. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tatsuji Makino).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.