The influence of school quality on housing prices in Korea

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Abstract:

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.

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/00036846.2010.534056

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: March 1, 2012

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