House prices and school choice: evidence from Chicago's magnet schools proximity lottery

Housing Prices;School Choice;Chicago

Lopez Ochoa, Esteban Alejandro ; McMillen, Daniel, ; ,Baylis, Katherine ; Hewings ; Geoffrey

关键词: Housing Prices;    School Choice;    Chicago;   

Others  :  https://www.ideals.illinois.edu/bitstream/handle/2142/92961/LOPEZOCHOA-THESIS-2016.pdf?sequence=1&isAllowed=y

美国|英语

来源: The Illinois Digital Environment for Access to Learning and Scholarship

【 摘 要 】

Studies of open school policies predict house prices to rise in areas that gain access to high-quality schools.However, excess demand may limit access to high-quality schools. We take advantage of changes in Chicago’s schools admission policies to test whether a higher probability of admission to magnet schools for students living within 1.5 miles leads to higher house prices. Results indicate that the 1997 and 2009 reforms increased house prices for homes within the 1.5-mile radius by about 5.4% and 14%, respectively. The premium is higher for homes in low SES areas near multiple magnet schools.