EconPapers    
Economics at your fingertips  
 

Capitalization of School Quality in Housing Prices: Evidence from Boundary Changes in Shelby County, Tennessee

Courtney A. Collins and Erin Kaplan ()

American Economic Review, 2017, vol. 107, issue 5, 628-32

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 school zoning changes resulted from the merger and subsequent splintering of districts, providing a rare opportunity to separately identify the value of both school and district quality as they are capitalized in housing prices. Utilizing school fixed effects and repeat sales data, we find that a one standard deviation increase in test scores increases prices by 3-4% while district administration accounts for 5-8% of home values.

JEL-codes: H75 I21 I28 R23 R31 (search for similar items in EconPapers)
Date: 2017
Note: DOI: 10.1257/aer.p20171129
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
https://www.aeaweb.org/articles?id=10.1257/aer.p20171129 (application/pdf)
https://www.aeaweb.org/articles/attachments?retrie ... Tmo--MNdBFQAb2mtcqCc (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.

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:aea:aecrev:v:107:y:2017:i:5:p:628-32

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

American Economic Review is currently edited by Esther Duflo

More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().

 
Page updated 2018-10-09
Handle: RePEc:aea:aecrev:v:107:y:2017:i:5:p:628-32