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School Quality, Neighborhoods, and Housing Prices
Abstract
We study the relationship between school characteristics and housing prices in Mecklenburg County, North Carolina, between 1994 and 2001. During this period, the school district was operating under a court-imposed desegregation order and drew school boundaries so that students living in the same neighborhoods were often sent to very different schools in terms of racial mix and average test scores of the students. We use differences in housing prices along assignment zone boundaries to disentangle the effect of schools and other neighborhood characteristics. We find systematic differences in house prices along school boundaries although the impact of schools is only one-quarter as large as the naive cross-sectional estimates would imply. Part of the impact of school assignments is mediated by differences in the characteristics of the population and the quality of the housing stock that have arisen on either side of the school assignment boundary.
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Citations
Cited by
Mechanisms and Impacts of Gender Peer Effects at School
Lavy, V., & Schlosser, A. (2011) · American Economic Journal: Applied Economics · doi:10.1257/app.3.2.1 · Cited by 538
The Value of School Facility Investments: Evidence from a Dynamic Regression Discontinuity Design*
Cellini, S. R., Ferreira, F., & Rothstein, J. (2010) · Quarterly Journal of Economics · doi:10.1162/qjec.2010.125.1.215 · Cited by 532
Teaching Students and Teaching Each Other: The Importance of Peer Learning for Teachers
Jackson, C. K., & Bruegmann, E. (2009) · American Economic Journal: Applied Economics · doi:10.1257/app.1.4.85 · Cited by 509
Lavy, V., Paserman, M. D., & Schlosser, A. (2012) · The Economic Journal · doi:10.1111/j.1468-0297.2011.02463.x · Cited by 330
When do better schools raise housing prices? Evidence from Paris public and private schools
Fack, G., & Grenet, J. (2010) · Journal of Public Economics · doi:10.1016/j.jpubeco.2009.10.009 · Cited by 304
Metadata
- Authors
- Kane, T. J.
- Venue
- American Law and Economics Review
- Publisher
- Oxford University Press (OUP)
- Published
- 2006-07-13
- Volume
- 8
- Issue
- 2
- Pages
- 183-212
- ISSN
- 1465-7252 (ISSN-L)
- 1465-7260
- OpenAlex
- W2166571091
- Cited by
- 227
- References
- 0
- FWCI
- 14.33
- Type
- journal article
- Language
- en
- Open access
- closed
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