The effect of school quality on housing rents: Evidence from Matsue city in Japan

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4 Citations (Scopus)

Abstract

This study investigates the effect of public school quality on housing rents within a school district. I estimate the causal effect of school quality as measured by average test scores on housing rents, by using a regression discontinuity design to control for unobserved characteristics of neighborhoods. Specifically, I focus on apartment buildings located within school attendance district boundaries. I find that school quality has a significantly positive effect on housing rents of apartments for families, but school quality does not have a significant effect on housing rents of dwellings for single people. These results show that parents are willing to pay more to send their children to a better school.

Original languageEnglish
Pages (from-to)16-25
Number of pages10
JournalJournal of the Japanese and International Economies
Volume50
DOIs
Publication statusPublished - 2018 Dec

Keywords

  • Housing rent
  • Regression discontinuity design
  • School district
  • School quality

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics
  • Political Science and International Relations

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