University of Illinois Urbana-Champaign

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

Lopez Ochoa, Esteban Alejandro

Content Files
LOPEZOCHOA-THESIS-2016.pdf

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

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
Date of Ingest
2016-11-10T18:27:55Z
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
Permalink
http://hdl.handle.net/2142/92961
Copyright and License 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.

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