House prices and school choice: Evidence from Chicago's magnet schools’ proximity lottery
利用芝加哥磁石学校招生政策变化，发现1.5英里内学生入学概率提高导致房价分别上涨约4%和12.6%，且2009年取消同意令后黑人学生入学概率增加显著推高了南侧非裔美国人区域的房价。
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’ admissions 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 4% and 12.6%, respectively. The higher probability of admission for black students after a consent decree was vacated in 2009 led to a significant increase in prices in predominantly African‐American areas on the south side.