The influence of school quality on housing prices in Korea
The existence of good schools is expected to increase nearby housing prices. We use a natural experiment from two cities in Korea where the high school entrance system changed from self-selection to geographical assignment. Our empirical results show that the existence of good high schools did increase the nearby housing prices as well as the rental prices.
Volume (Year): 44 (2012)
Issue (Month): 8 (March)
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