Effects of Education Equalization Measures on Housing Prices: Evidence from a Natural Experiment in Suzhou, China

Shang Xie, Muhammad Ateeq ur Reman and Kang Mao
Additional contact information
Shang Xie: School of Economics, Peking University, Beijing, China
Muhammad Ateeq ur Reman: Research Institute of Economics and Management, Southwestern University of Finance and Economics, Chengdu, China
Kang Mao: College of Urban and Environmental Sciences, Peking University, Beijing,China

Review of Economic Assessment, 2022, vol. 1, issue 1, 22-33

Abstract: Educational equity is the foundation of social equity, and education equalization is one of the serious issues to be solved by the government. This work considers one education equalization reform conducted by Suzhou Industrial Park of China, namely, the comprehensive "five to nine" (CFTN) housing purchase admission qualification adjustment policy, as an example and uses the resold housing transaction data to identify the effect of the equalization policy by the difference-in-differences (DID) method. Based on this natural experiment, the quantitative assessment results show that (1) the CFTN policy has a significantly positive effect on housing prices in nine-year consistent (NYC) school districts that belong to high-quality school districts; (2) the CFTN policy has no significant effect on housing prices in non-NYC consistent school districts that belong to ordinary school districts. These results uncover that the one-size-fits-all CFTN policy can only obtain significant housing price equilibrium effects in school districts above a certain level of education quality. For regions with backward education levels, the policy is ineffective. For these regions, continuously increasing high-quality educational resources and increasing educational service levels are essential solutions to reduce educational inequality.

Keywords: Education equalization; DID; Housing prices (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.anserpress.org/journal/rea/1/1/2/pdf (application/pdf)
https://www.anserpress.org/journal/rea/1/1/2 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bba:j00010:v:1:y:2022:i:1:p:22-33:d:141

Access Statistics for this article

Review of Economic Assessment is currently edited by Ramona Wang

More articles in Review of Economic Assessment from Anser Press
Bibliographic data for series maintained by Ramona Wang ().