Abstract
This study investigates the effect of public school quality on housing rents within a school district. I estimate the causal effect of school quality as measured by average test scores on housing rents, by using a regression discontinuity design to control for unobserved characteristics of neighborhoods. Specifically, I focus on apartment buildings located within school attendance district boundaries. I find that school quality has a significantly positive effect on housing rents of apartments for families, but school quality does not have a significant effect on housing rents of dwellings for single people. These results show that parents are willing to pay more to send their children to a better school.
| Original language | English |
|---|---|
| Pages (from-to) | 16-25 |
| Number of pages | 10 |
| Journal | Journal of the Japanese and International Economies |
| Volume | 50 |
| DOIs | |
| Publication status | Published - 2018 Dec |
Keywords
- Housing rent
- Regression discontinuity design
- School district
- School quality
ASJC Scopus subject areas
- Finance
- Economics and Econometrics
- Political Science and International Relations
