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Faculty member Angela Zheng, published by the American Economic Journal: Economic Policy

Apr 29, 2022

Angela Zheng's paper titled, The Valuation of Local School Quality under School Choice has recently been published in the American Economic Journal: Economic Policy Vol.14, No 2 May 2022 

Abstract:

School choice programs break the link between residential location and school attendance, and should weaken the capitalization of school quality into house prices. For the first time, I quantify the effect of one such program—charter school expansions—across several states using a dataset covering charter entries and house prices. I embed an event study of charter entry into a boundary discontinuity design and find that, on average, school choice decreases the valuation of traditional schools by four percentage points. Suggestive evidence shows school choice can lead to neighborhood change through resorting as school boundaries become less important.

Please download the full document here:

https://www.aeaweb.org/articles?id=10.1257/pol.20200678

 

Congratulations Angela!