How Much Is a Good School Worth in Beijing? Identifying Price Premium with Paired Resale and Rental Data
| العنوان: | How Much Is a Good School Worth in Beijing? Identifying Price Premium with Paired Resale and Rental Data |
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| المؤلفون: | Rui Wang, Wanyang Hu, Siqi Zheng |
| المصدر: | The Journal of Real Estate Finance and Economics. 53:184-199 |
| بيانات النشر: | Springer Science and Business Media LLC, 2015. |
| سنة النشر: | 2015 |
| مصطلحات موضوعية: | Economics and Econometrics, business.industry, media_common.quotation_subject, 05 social sciences, 0211 other engineering and technologies, Attendance, 021107 urban & regional planning, Price premium, Advertising, 02 engineering and technology, Urban Studies, Renting, Beijing, Accounting, 0502 economics and business, Economics, Renminbi, Demographic economics, Quality (business), 050207 economics, business, Public education, Finance, Financial services, media_common |
| الوصف: | A neighborhood school policy is implemented in Beijing, where public education dominates. But only home owners, rather than renters are entitled to enroll in a local public school, even when both live in a school’s attendance zone. We estimate the implicit price of school quality in Beijing’s housing market by comparing within- and out-of-zone home values in adjacent buildings. Enabled by the “renter discrimination policy,” this study further controls for the difference in unobserved neighborhood traits using the rental differentials between paired observations. School quality has been capitalized in home values in Beijing. A within-zone housing unit is sold RMB 2,266 yuan per square meter more than if it were outside the attendance zone of a Key Primary School. |
| تدمد: | 1573-045X 0895-5638 |
| URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_________::73e63b317b53e2ff33b57bb778bab72b https://doi.org/10.1007/s11146-015-9513-4 |
| حقوق: | CLOSED |
| رقم الأكسشن: | edsair.doi...........73e63b317b53e2ff33b57bb778bab72b |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 1573045X 08955638 |
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