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ERIC Number: ED574660
Record Type: Non-Journal
Publication Date: 2015-Feb
Pages: 57
Abstractor: As Provided
ISBN: N/A
ISSN: N/A
EISSN: N/A
Available Date: N/A
Capitalization of Charter Schools into Residential Property Values. Working Paper #46
Imberman, Scott; Naretta, Michael; O'Rourke, Margaret
Education Policy Center at Michigan State University
While prior research has found clear impacts of schools and school quality on property values, little is known about whether charter schools have similar effects. Using sale price data for residential properties in Los Angeles County from 2008 to 2011 we estimate the neighborhood level impact of charter schools on housing prices. Using an identification strategy that relies on census block fixed-effects and variation in charter penetration over time, we find little evidence that the availability of charter schools affect housing prices on average. However, we do find that when restricting to charter schools located in the same school district as the household, housing prices outside Los Angeles Unified School District fall in response to an increase in nearby charter penetration. Supplemental tables are appended.
Education Policy Center. Michigan State University, 201 Erickson Hall, East Lansing, MI 48824-1034. Tel: 517-355-4494; Fax: 517-432-6202; e-mail: EPC@msu.edu; Web site: http://education.msu.edu/epc
Publication Type: Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: Institute of Education Sciences (ED)
Authoring Institution: Michigan State University, Education Policy Center
Identifiers - Location: California (Los Angeles)
IES Funded: Yes
Grant or Contract Numbers: R305B090011
Author Affiliations: N/A