SCHOOL QUALITY AND RESIDENTIAL PROPERTY VALUES: EVIDENCE FROM VANCOUVER REZONING

被引：80

作者：

Ries, John ^{[1
]}

Somerville, Tsur ^{[1
]}

机构：

[1] Univ British Columbia, Vancouver, BC V5Z 1M9, Canada

来源：

REVIEW OF ECONOMICS AND STATISTICS | 2010年 / 92卷 / 04期

关键词：

HOUSE PRICE INDEXES; CAPITALIZATION;

D O I：

10.1162/REST_a_00038

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study utilizes changes in the catchment areas of public schools in Vancouver, British Columbia, to measure the residential price capitalization of school quality. Specifications that employ repeat sales methods to control for time-invariant neighborhood effects and disaggregated price indexes to capture time-varying neighborhood price appreciation reveal significant effects of secondary school performance on residential prices. However, when we add controls for long-run price trends in rezoned areas, only prices of residences likely to be purchased by high-income families appear to have been affected by changes in school quality induced by rezoning.

引用

页码：928 / 944

页数：17

共 17 条

[1]

BAILEY MJ, 1963, J AM STAT ASSOC, V58, P933

[2] A unified framework for measuring preferences for schools and neighborhoods [J].