讲座：Winning at the Starting Line: Key School Education Premium and Housing Prices in Beijing
题 目：Winning at the Starting Line: Key School Education Premium and Housing Prices in Beijing
演讲人：赵波 助理教授 北京大学国家发展研究院
主持人：许志伟 副教授 上海交通大学安泰经济与管理学院金融系
地 点：上海交通大学 徐汇校区新上院S202
Using housing transaction data from the second-hand housing market in Beijing, this paper infers the value parents place on school quality by comparing the key-school apartments with the non-key-school apartments. In order to address the problems such as the omitted variables in the hedonic regression and the endogenous school attendance boundary, we apply the BDD (boundary discontinuity design) method and construct theoretical school attendance boundary based on Thiessen polygons as the instrument variable for the actual school attendance boundary. We find that the housing price of the key-schools in Beijing is on average 25 percent higher than the housing price of the non-key schools during 2013 to 2016. In contrast, the rental price difference between the key and non-key school housing is only 14 percent due to the unequal rights to enter primary schools. We also use the school zoning reform at 2017 as a natural experiment to test our findings.
赵波，北京大学国家发展研究院助理教授，2012年在挪威奥斯陆大学经济系获经济学博士学位，2008和2009年分别获得挪威奥斯陆大学经济系和复旦大学经济学院经济学硕士学位，研究方向包括宏观经济学、劳动经济学等，已在Review of Economic Dynamics，Economic Theory, Economics Letters, 经济学季刊，金融研究等中英文期刊发表论文，主持国家自然科学基金项目1项。