文献类型：期刊文献

英文题名：The Effect of School Quality on House Prices: Evidence from Shanghai, China

作者：Liu, Ziming[1];Ye, Jiayu[2];Ren, Guangcheng[3];Feng, Shuyi[4]

机构：[1]East China Univ Sci & Technol, Sch Social & Publ Adm, Shanghai 200237, Peoples R China;[2]Qiantang Sci & Technol Innovat Ctr, Hangzhou 310000, Peoples R China;[3]Nanjing Agr Univ, Coll Publ Adm, Nanjing 210095, Peoples R China;[4]Nanjing Agr Univ, China Resources & Environm & Dev Acad, Nanjing 210095, Peoples R China

年份：2022

卷号：11

期号：11

外文期刊名：LAND

收录：;WOS:【SSCI(收录号:WOS:000881164500001)】；

基金：This work was sponsored by the Shanghai Pujiang Program [Grant No. 2019PJC023], National Social Science Foundation [Grant No. 21AZD036], National Natural Science Foundation [Grant No. 72061137072], Jiangsu Shuangchuang Program [Grant No. JSSCBS20210280], and Humanities and Social Science Project financed by the Ministry of Education [Grant No. 21YJC790095].

语种：英文

外文关键词：price premium; key primary school; paired difference model; hedonic price model

摘要：Understanding the housing price premium of high-quality education could be important for improving our knowledge on the formation of housing prices and potential consequences of educational resources misallocation. This paper estimates the housing price premium of high-quality primary schools in Shanghai, China. Applying the hedonic price and paired difference models with a boundary fixed effect to the house resale transaction data from January to October 2019, the study found that the housing price premium of high-quality primary school was approximately 15.6%. Moreover, the price premium of small houses was larger than that of large houses. The results suggest that high-quality education has a significant capitalization effect on housing values. This implies that the policy of restricting one student to have a seat in only one particular school within the zoning area would lead to greater education inequality and future policies should consider this effect.