Valuing Elementary Schools: Evidence from Public School Acquisitions in Beijing

Xuejuan Su and Huayi Yu (yuhuayi@ruc.edu.cn)
Additional contact information
Huayi Yu: Renmin University of China

No 2021-4, Working Papers from University of Alberta, Department of Economics

Abstract: We utilize government-sanctioned public school acquisitions in Beijing to estimate individuals’ willingness to pay for enrollment eligibility in sought after elementary schools. The spatial and temporal variation in these acquisitions allows us to estimate a hedonic pricing model in the differencein-difference framework. Comparing regular elementary schools that are acquired by sought-after schools to those that are not, we find an average price increase of 7% for apartments in the catchment areas of acquired schools. This percentage increase is both statistically and economically significant, and it does not vary by the size of the apartment. We also find heterogeneous price effects for different types of acquisitions, defined by their post-acquisition organizational structures, but these differences are not statistically significant.

Keywords: school acquisition; public schools; housing price; hedonic model; difference-in-difference (search for similar items in EconPapers)
JEL-codes: H75 I28 R21 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2021-07-26
New Economics Papers: this item is included in nep-cna and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://sites.ualberta.ca/~econwps/2021/wp2021-04.pdf Full text (application/pdf)

Related works:
Journal Article: Valuing elementary schools: evidence from public school acquisitions in Beijing (2022)
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:ris:albaec:2021_004

Access Statistics for this paper

More papers in Working Papers from University of Alberta, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Joseph Marchand (joseph.marchand@ualberta.ca).