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The influence of school quality on housing prices in Korea

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The existence of good schools is expected to increase nearby housing prices. We use a natural experiment from two cities in Korea where the high school entrance system changed from self-selection to geographical assignment. Our empirical results show that the existence of good high schools did increase the nearby housing prices as well as the rental prices.
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Document Type: Research Article

Affiliations: 1: School of Economics,Yonsei University, Shinchon-Dong 134Seodaemun-KuSeoul 120-749, Korea 2: Department of Economics,Washington University in St. Louis, St. LouisMO 63130, USA

Publication date: 01 March 2012

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