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Title:House prices and school choice: evidence from Chicago's magnet schools proximity lottery
Author(s):Lopez Ochoa, Esteban Alejandro
Advisor(s):Hewings, Geoffrey
Contributor(s):McMillen, Daniel; Baylis, Katherine
Department / Program:Agr & Consumer Economics
Discipline:Agricultural & Applied Economics
Degree Granting Institution:University of Illinois at Urbana-Champaign
Degree:M.S.
Genre:Thesis
Subject(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.
Issue Date:2016-07-20
Type:Thesis
URI:http://hdl.handle.net/2142/92961
Rights Information:This paper is in the process of being submitted to a journal for co-authored publication. The journal is entitled with all copy rights.
Date Available in IDEALS:2016-11-10
Date Deposited:2016-08


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