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作者

来源

JOURNAL OF URBAN ECONOMICS,Vol.100,P.19-32

语言

英文

关键字

Charter schools; Property value capitalization; School choice; Hedonic difference-in-differences; PROGRAMS; MOBILITY

作者单位

[Andreyeva, Elena] Georgia State Univ, Dept Econ, Andrew Young Sch Policy Studies, 14 Marietta St, Atlanta, GA 30303 USA. [Patrick, Carlianne] Georgia State Univ, Dept Econ, Andrew Young Sch Policy Studies 427, 14 Marietta St, Atlanta, GA 30303 USA. Andreyeva, E (reprint author), Univ Penn, Leonard Davis Inst Hlth Econ, 308 Colonial Penn Ctr,3641 Locust Walk, Philadelphia, PA 19104 USA. E-Mail: elenaan@wharton.upenn.edu; cpatrick@gsu.edu

摘要

We exploit a unique characteristic of some charter schools in the metropolitan Atlanta area to identify property value capitalization of access to charter schools. The charter schools in this study designate small geographic areas within their attendance areas as priority zones. Each of the study charter schools has at least two priority zones: households located in priority one zones have a higher probability of admission than households located in priority two zones. We use this spatial variation in the likelihood of attending a charter school to identify the capitalization effect of increased charter school admission probabilities as the difference-in-differences within priority zone one and two border areas. Our results indicate that prices increased by six to eight percent for priority one zone homes compared to priority two zone homes after the opening of a new charter school. We also find that capitalization is stronger for homes with underperforming traditional public schools. (C) 2017 Elsevier Inc. All rights reserved.