School district, education quality, and housing price: Evidence from a natural experiment in Hangzhou, China
The capitalization effect of the education quality on housing prices has been widely studied by scholars. This study considers Hangzhou, China as an example, and uses the housing data of 660 communities to establish hedonic price and spatial econometric models. Based on the idea of natural experimen...
Gespeichert in:
| Veröffentlicht in: | Cities 2017-06, Vol.66, p.72-80 |
|---|---|
| Hauptverfasser: | , , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 80 |
|---|---|
| container_issue | |
| container_start_page | 72 |
| container_title | Cities |
| container_volume | 66 |
| creator | Wen, Haizhen Xiao, Yue Zhang, Ling |
| description | The capitalization effect of the education quality on housing prices has been widely studied by scholars. This study considers Hangzhou, China as an example, and uses the housing data of 660 communities to establish hedonic price and spatial econometric models. Based on the idea of natural experiment, our study quantitatively assesses the influence of the quality of urban compulsory education on housing prices, and tests whether the related educational policies significantly affect the capitalization effect of education. Results show that the quality of basic educational resources has been capitalized in the surrounding housing prices and primary and secondary schools have significant school district effects. Moreover, “zero school choice” policy strengthens the effect of the school district and exacerbates the behavior of selecting a school by buying a house. Therefore, the simplistic educational policies pursuing equity, such as the “nearby enrollment” policy and “zero school choice” policy, cannot result in actual justice, but may exacerbate the division of residential areas in accordance with income and inequality of educational opportunities.
•We investigate the micro effect of educational policies on the housing market in Hangzhou, China.•Spatial hedonic price models are developed to examine capitalization effects of compulsory educational facilities.•Primary and secondary schools have significant school district effects on housing prices.•The “zero school choice” policy strengthens the effect of the school district.•Results reveal the “zero school choice” policy may exacerbate the inequality of educational opportunities. |
| doi_str_mv | 10.1016/j.cities.2017.03.008 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_1916141598</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><els_id>S0264275116306977</els_id><sourcerecordid>1916141598</sourcerecordid><originalsourceid>FETCH-LOGICAL-c433t-6a4fee4561086f86a20915a898981368812589abf94c799ea0545968ce0a58883</originalsourceid><addsrcrecordid>eNp9kEtLAzEUhYMoWB__wEXAbWe8mcmkiQtBii8QXKjrEDN32pRp0iYZUX-9U-pa7uJszjmX8xFywaBkwMTVqrQuO0xlBWxWQl0CyAMyYXJWFwIkPyQTqAQvqlnDjslJSisA4ILDhPSvdhlCT1uXcnQ2Tym2gzXZBU-3g-ld_p5S41u6DENyfkE3owuv6d2na9FbpF0Ma2qoN3mIpqf4tcHo1ugzdZ4-Gr_4GZNTOl86b87IUWf6hOd_ekre7-_e5o_F88vD0_z2ubC8rnMhDO8QeSMYSNFJYSpQrDFSjcdqISWrGqnMR6e4nSmFBhreKCEtgmmklPUpudz3bmLYDpiyXoUh-vGlZooJxlmjdi6-d9kYUorY6XHb2sRvzUDvuOqV3nPVO64aaj1yHWM3-xiOCz4dRp2s26FoXUSbdRvc_wW_nUqCSQ</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1916141598</pqid></control><display><type>article</type><title>School district, education quality, and housing price: Evidence from a natural experiment in Hangzhou, China</title><source>PAIS Index</source><source>Elsevier ScienceDirect Journals</source><creator>Wen, Haizhen ; Xiao, Yue ; Zhang, Ling</creator><creatorcontrib>Wen, Haizhen ; Xiao, Yue ; Zhang, Ling</creatorcontrib><description>The capitalization effect of the education quality on housing prices has been widely studied by scholars. This study considers Hangzhou, China as an example, and uses the housing data of 660 communities to establish hedonic price and spatial econometric models. Based on the idea of natural experiment, our study quantitatively assesses the influence of the quality of urban compulsory education on housing prices, and tests whether the related educational policies significantly affect the capitalization effect of education. Results show that the quality of basic educational resources has been capitalized in the surrounding housing prices and primary and secondary schools have significant school district effects. Moreover, “zero school choice” policy strengthens the effect of the school district and exacerbates the behavior of selecting a school by buying a house. Therefore, the simplistic educational policies pursuing equity, such as the “nearby enrollment” policy and “zero school choice” policy, cannot result in actual justice, but may exacerbate the division of residential areas in accordance with income and inequality of educational opportunities.
•We investigate the micro effect of educational policies on the housing market in Hangzhou, China.•Spatial hedonic price models are developed to examine capitalization effects of compulsory educational facilities.•Primary and secondary schools have significant school district effects on housing prices.•The “zero school choice” policy strengthens the effect of the school district.•Results reveal the “zero school choice” policy may exacerbate the inequality of educational opportunities.</description><identifier>ISSN: 0264-2751</identifier><identifier>EISSN: 1873-6084</identifier><identifier>DOI: 10.1016/j.cities.2017.03.008</identifier><language>eng</language><publisher>Kidlington: Elsevier Ltd</publisher><subject>Compulsory education ; Difference in difference method ; Econometrics ; Economic models ; Education ; Education capitalization ; Education policy ; Educational opportunities ; Enrollments ; Fairness ; Housing ; Housing costs ; Housing price ; Housing prices ; Income inequality ; Intellectuals ; Justice ; Prices ; Quality ; Residential areas ; School choice ; School district effect ; School districts ; Secondary schools ; Spatial hedonic price model</subject><ispartof>Cities, 2017-06, Vol.66, p.72-80</ispartof><rights>2017 Elsevier Ltd</rights><rights>Copyright Elsevier Science Ltd. Jun 2017</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c433t-6a4fee4561086f86a20915a898981368812589abf94c799ea0545968ce0a58883</citedby><cites>FETCH-LOGICAL-c433t-6a4fee4561086f86a20915a898981368812589abf94c799ea0545968ce0a58883</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://www.sciencedirect.com/science/article/pii/S0264275116306977$$EHTML$$P50$$Gelsevier$$H</linktohtml><link.rule.ids>314,776,780,3537,27843,27901,27902,65306</link.rule.ids></links><search><creatorcontrib>Wen, Haizhen</creatorcontrib><creatorcontrib>Xiao, Yue</creatorcontrib><creatorcontrib>Zhang, Ling</creatorcontrib><title>School district, education quality, and housing price: Evidence from a natural experiment in Hangzhou, China</title><title>Cities</title><description>The capitalization effect of the education quality on housing prices has been widely studied by scholars. This study considers Hangzhou, China as an example, and uses the housing data of 660 communities to establish hedonic price and spatial econometric models. Based on the idea of natural experiment, our study quantitatively assesses the influence of the quality of urban compulsory education on housing prices, and tests whether the related educational policies significantly affect the capitalization effect of education. Results show that the quality of basic educational resources has been capitalized in the surrounding housing prices and primary and secondary schools have significant school district effects. Moreover, “zero school choice” policy strengthens the effect of the school district and exacerbates the behavior of selecting a school by buying a house. Therefore, the simplistic educational policies pursuing equity, such as the “nearby enrollment” policy and “zero school choice” policy, cannot result in actual justice, but may exacerbate the division of residential areas in accordance with income and inequality of educational opportunities.
•We investigate the micro effect of educational policies on the housing market in Hangzhou, China.•Spatial hedonic price models are developed to examine capitalization effects of compulsory educational facilities.•Primary and secondary schools have significant school district effects on housing prices.•The “zero school choice” policy strengthens the effect of the school district.•Results reveal the “zero school choice” policy may exacerbate the inequality of educational opportunities.</description><subject>Compulsory education</subject><subject>Difference in difference method</subject><subject>Econometrics</subject><subject>Economic models</subject><subject>Education</subject><subject>Education capitalization</subject><subject>Education policy</subject><subject>Educational opportunities</subject><subject>Enrollments</subject><subject>Fairness</subject><subject>Housing</subject><subject>Housing costs</subject><subject>Housing price</subject><subject>Housing prices</subject><subject>Income inequality</subject><subject>Intellectuals</subject><subject>Justice</subject><subject>Prices</subject><subject>Quality</subject><subject>Residential areas</subject><subject>School choice</subject><subject>School district effect</subject><subject>School districts</subject><subject>Secondary schools</subject><subject>Spatial hedonic price model</subject><issn>0264-2751</issn><issn>1873-6084</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2017</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><recordid>eNp9kEtLAzEUhYMoWB__wEXAbWe8mcmkiQtBii8QXKjrEDN32pRp0iYZUX-9U-pa7uJszjmX8xFywaBkwMTVqrQuO0xlBWxWQl0CyAMyYXJWFwIkPyQTqAQvqlnDjslJSisA4ILDhPSvdhlCT1uXcnQ2Tym2gzXZBU-3g-ld_p5S41u6DENyfkE3owuv6d2na9FbpF0Ma2qoN3mIpqf4tcHo1ugzdZ4-Gr_4GZNTOl86b87IUWf6hOd_ekre7-_e5o_F88vD0_z2ubC8rnMhDO8QeSMYSNFJYSpQrDFSjcdqISWrGqnMR6e4nSmFBhreKCEtgmmklPUpudz3bmLYDpiyXoUh-vGlZooJxlmjdi6-d9kYUorY6XHb2sRvzUDvuOqV3nPVO64aaj1yHWM3-xiOCz4dRp2s26FoXUSbdRvc_wW_nUqCSQ</recordid><startdate>201706</startdate><enddate>201706</enddate><creator>Wen, Haizhen</creator><creator>Xiao, Yue</creator><creator>Zhang, Ling</creator><general>Elsevier Ltd</general><general>Elsevier Science Ltd</general><scope>AAYXX</scope><scope>CITATION</scope><scope>7TQ</scope><scope>8BJ</scope><scope>DHY</scope><scope>DON</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>201706</creationdate><title>School district, education quality, and housing price: Evidence from a natural experiment in Hangzhou, China</title><author>Wen, Haizhen ; Xiao, Yue ; Zhang, Ling</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c433t-6a4fee4561086f86a20915a898981368812589abf94c799ea0545968ce0a58883</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2017</creationdate><topic>Compulsory education</topic><topic>Difference in difference method</topic><topic>Econometrics</topic><topic>Economic models</topic><topic>Education</topic><topic>Education capitalization</topic><topic>Education policy</topic><topic>Educational opportunities</topic><topic>Enrollments</topic><topic>Fairness</topic><topic>Housing</topic><topic>Housing costs</topic><topic>Housing price</topic><topic>Housing prices</topic><topic>Income inequality</topic><topic>Intellectuals</topic><topic>Justice</topic><topic>Prices</topic><topic>Quality</topic><topic>Residential areas</topic><topic>School choice</topic><topic>School district effect</topic><topic>School districts</topic><topic>Secondary schools</topic><topic>Spatial hedonic price model</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Wen, Haizhen</creatorcontrib><creatorcontrib>Xiao, Yue</creatorcontrib><creatorcontrib>Zhang, Ling</creatorcontrib><collection>CrossRef</collection><collection>PAIS Index</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Cities</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Wen, Haizhen</au><au>Xiao, Yue</au><au>Zhang, Ling</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>School district, education quality, and housing price: Evidence from a natural experiment in Hangzhou, China</atitle><jtitle>Cities</jtitle><date>2017-06</date><risdate>2017</risdate><volume>66</volume><spage>72</spage><epage>80</epage><pages>72-80</pages><issn>0264-2751</issn><eissn>1873-6084</eissn><abstract>The capitalization effect of the education quality on housing prices has been widely studied by scholars. This study considers Hangzhou, China as an example, and uses the housing data of 660 communities to establish hedonic price and spatial econometric models. Based on the idea of natural experiment, our study quantitatively assesses the influence of the quality of urban compulsory education on housing prices, and tests whether the related educational policies significantly affect the capitalization effect of education. Results show that the quality of basic educational resources has been capitalized in the surrounding housing prices and primary and secondary schools have significant school district effects. Moreover, “zero school choice” policy strengthens the effect of the school district and exacerbates the behavior of selecting a school by buying a house. Therefore, the simplistic educational policies pursuing equity, such as the “nearby enrollment” policy and “zero school choice” policy, cannot result in actual justice, but may exacerbate the division of residential areas in accordance with income and inequality of educational opportunities.
•We investigate the micro effect of educational policies on the housing market in Hangzhou, China.•Spatial hedonic price models are developed to examine capitalization effects of compulsory educational facilities.•Primary and secondary schools have significant school district effects on housing prices.•The “zero school choice” policy strengthens the effect of the school district.•Results reveal the “zero school choice” policy may exacerbate the inequality of educational opportunities.</abstract><cop>Kidlington</cop><pub>Elsevier Ltd</pub><doi>10.1016/j.cities.2017.03.008</doi><tpages>9</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0264-2751 |
| ispartof | Cities, 2017-06, Vol.66, p.72-80 |
| issn | 0264-2751 1873-6084 |
| language | eng |
| recordid | cdi_proquest_journals_1916141598 |
| source | PAIS Index; Elsevier ScienceDirect Journals |
| subjects | Compulsory education Difference in difference method Econometrics Economic models Education Education capitalization Education policy Educational opportunities Enrollments Fairness Housing Housing costs Housing price Housing prices Income inequality Intellectuals Justice Prices Quality Residential areas School choice School district effect School districts Secondary schools Spatial hedonic price model |
| title | School district, education quality, and housing price: Evidence from a natural experiment in Hangzhou, China |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-28T15%3A33%3A01IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=School%20district,%20education%20quality,%20and%20housing%20price:%20Evidence%20from%20a%20natural%20experiment%20in%20Hangzhou,%20China&rft.jtitle=Cities&rft.au=Wen,%20Haizhen&rft.date=2017-06&rft.volume=66&rft.spage=72&rft.epage=80&rft.pages=72-80&rft.issn=0264-2751&rft.eissn=1873-6084&rft_id=info:doi/10.1016/j.cities.2017.03.008&rft_dat=%3Cproquest_cross%3E1916141598%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=1916141598&rft_id=info:pmid/&rft_els_id=S0264275116306977&rfr_iscdi=true |