 Demand for School Quality and Local District AdministrationCourtney A. Collins and Erin Kaplan Economics of Education Review, 2022, vol. 88, issue C Abstract: In 2013 Memphis City Schools and Shelby County Schools consolidated into a unified system, creating one of the largest districts in the nation. Six Memphis suburbs subsequently voted to create separate municipal districts. Many complex school zoning changes resulted from the merger and subsequent splintering of districts. This provides a rare opportunity to identify how the value of academic quality and local district control are capitalized in housing prices, independent of school-level demographic characteristics. Using a difference-in-differences approach including a repeat sales specification, we find that a one standard deviation increase in test scores increases housing prices by 2-3%, while district administration accounts for 6-8% of home values. We also consider the effect of student demographics and find that school-level diversity has a negative impact on home values, independent of academic performance and district administration. Keywords: Education policy; housing prices; test scores; district; diversity (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ecoedu:v:88:y:2022:i:c:s0272775722000292 DOI: 10.1016/j.econedurev.2022.102252 Access Statistics for this article Economics of Education Review is currently edited by E. Cohn More articles in Economics of Education Review from Elsevier |
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