Does school district and municipality border congruence matter?
研究了学区和市政边界不一致如何导致过度住宅开发,从而降低房价,对城市规划和公共财政研究者有参考价值。
Research on zoning typically assumes that city planners aim to maximise housing prices with their land use decisions, either explicitly for public choice reasons or implicitly through the approval of land uses that create local net benefits. Noncongruence of school district and municipality borders severs the link between costs and benefits in the eyes of the median voter, however, which could result in excessive residential development and fiscal externalities that lower property values. This paper uses a hedonic approach to indirectly observe the presence of these externalities. Border congruency between school districts and municipalities in Ohio is measured using GIS data and matched with a data set of 56,717 home sales. The hedonic results indicate that noncongruence is associated with lower housing prices, while the degree of noncongruence is positively related. For most school districts, the negative effect of noncongruency dominates. My results are robust and consistent across different model specifications and empirical approaches.