House prices and school choice: evidence from Chicago's magnet schools proximity lottery

Lopez Ochoa, Esteban Alejandro

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https://hdl.handle.net/2142/92961 Copy

Description

Title

House prices and school choice: evidence from Chicago's magnet schools proximity lottery

Author(s)

Lopez Ochoa, Esteban Alejandro

Issue Date

2016-07-20

Director of Research (if dissertation) or Advisor (if thesis)

Hewings, Geoffrey

Committee Member(s)

• McMillen, Daniel
• Baylis, Katherine

Department of Study

Agr & Consumer Economics

Discipline

Agricultural & Applied Economics

Degree Granting Institution

University of Illinois at Urbana-Champaign

Degree Name

M.S.

Degree Level

Thesis

Keyword(s)

• Housing Prices
• School Choice
• Chicago

Abstract

Studies of open school policies predict house prices to rise in areas that gain access to high-quality schools. However, excess demand may limit access to high-quality schools. We take advantage of changes in Chicago’s schools admission policies to test whether a higher probability of admission to magnet schools for students living within 1.5 miles leads to higher house prices. Results indicate that the 1997 and 2009 reforms increased house prices for homes within the 1.5-mile radius by about 5.4% and 14%, respectively. The premium is higher for homes in low SES areas near multiple magnet schools.

Graduation Semester

2016-08

Type of Resource

text

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http://hdl.handle.net/2142/92961

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This paper is in the process of being submitted to a journal for co-authored publication. The journal is entitled with all copy rights.

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