The Valuation of Local School Quality under School Choice

IF 5.6 1区经济学 Q1 ECONOMICS

American Economic Journal-Economic Policy Pub Date : 2022-05-01 DOI:10.1257/pol.20200678

Angela L. Zheng

引用次数: 8

Abstract

School choice programs break the link between residential location and school attendance, and should weaken the capitalization of school quality into house prices. For the first time, I quantify the effect of one such program—charter school expansions—across several states using a dataset covering charter entries and house prices. I embed an event study of charter entry into a boundary discontinuity design and find that, on average, school choice decreases the valuation of traditional schools by four percentage points. Suggestive evidence shows school choice can lead to neighborhood change through resorting as school boundaries become less important. (JEL H75, I21, I24, I28, R23, R31)

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择校背景下的地方学校质量评价

择校计划打破了居住地点和出勤率之间的联系，应该会削弱学校质量对房价的影响。我第一次使用涵盖特许入学和房价的数据集，量化了这样一个项目——特许学校扩张——在几个州的影响。我将特许入学的事件研究嵌入到一个边界不连续设计中，发现平均而言，学校选择使传统学校的价值降低了4个百分点。暗示性证据表明，随着学校边界变得不那么重要，学校选择可以通过诉诸暴力导致社区改变。(jel h75, i21, i24, i28, r23, r31)

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

American Economic Journal-Economic Policy ECONOMICS-

CiteScore

8.20

自引率

1.90%

发文量

期刊介绍： The American Economic Review (AER) is a general-interest economics journal. The journal publishes 12 issues containing articles on a broad range of topics. Established in 1911, the AER is among the nation's oldest and most respected scholarly journals in economics. American Economic Journal: Economic Policy publishes papers covering a range of topics, the common theme being the role of economic policy in economic outcomes. Subject areas include public economics; urban and regional economics; public policy aspects of health, education, welfare and political institutions; law and economics; economic regulation; and environmental and natural resource economics.