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The influence of school quality on housing prices in Korea

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  • Sunku Hahn
  • Tae-Hwan Kim
  • Minho Kim

Abstract

The existence of good schools is expected to increase nearby housing prices. We use a natural experiment from two cities in Korea where the high school entrance system changed from self-selection to geographical assignment. Our empirical results show that the existence of good high schools did increase the nearby housing prices as well as the rental prices.

Suggested Citation

  • Sunku Hahn & Tae-Hwan Kim & Minho Kim, 2012. "The influence of school quality on housing prices in Korea," Applied Economics, Taylor & Francis Journals, vol. 44(8), pages 1021-1023, March.
  • Handle: RePEc:taf:applec:44:y:2012:i:8:p:1021-1023
    DOI: 10.1080/00036846.2010.534056
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    Cited by:

    1. Xiao, Yue & Wen, Haizhen & Hui, Eddie C.M. & Zhou, Ganghua, 2022. "Dynamic capitalization effects of educational facilities during different market stages: An empirical study in Hangzhou, China," Land Use Policy, Elsevier, vol. 122(C).
    2. Lirong Hu & Shenjing He, 2024. "Entrance opportunity vs. academic performance: unpacking the nonlinear capitalization effects of multidimensional school qualities on housing sales and rental prices," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-13, December.
    3. Eun Jung Kim & Hyunjung Kim, 2020. "Neighborhood Walkability and Housing Prices: A Correlation Study," Sustainability, MDPI, vol. 12(2), pages 1-18, January.

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