| 学区房的溢价究竟有多大：利用“租买不同权”和配对回归的实证估计 |
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| 引用本文： | 胡婉旸,郑思齐,王锐.学区房的溢价究竟有多大：利用“租买不同权”和配对回归的实证估计[J].经济学(季刊),2014(3):1195-1214. |
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| 作者姓名： | 胡婉旸 郑思齐 王锐 |
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| 作者单位： | 清华大学建设管理系房地产研究所, 100084;加州大学洛杉矶分校Luskin公共事务学院;清华大学建设管理系房地产研究所, 100084;加州大学洛杉矶分校Luskin公共事务学院 |
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| 基金项目： | 国家自然科学基金(70973065、71273154、7132230);教育部新世纪人才支持计划(NCET-12-0313);清华大学自主科研计划的资助 |
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| 摘 要： | 中国城市居民只有在学区中买房(而非租房)才能享有学区内小学的入学权。本文借助"租买不同权"的入学制度,以及学区房与相邻非学区房的配对回归,更好地处理特征价格模型中的遗漏变量,精确测度优质教育资源的隐含价格。结果表明,2011年北京重点小学学区房的溢价约为8.1%。将基础教育资源与住房租买形式挂钩的制度安排,是中国城市居民过度偏好住房自有的重要原因之一,会扭曲居民住房选择和资源配置,造成优势区位房价过高。
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| 关 键 词： | 学区 溢价 配对 回归 实证 利用 估计 |
The Capitalization of School Quality in Home Value:A Matching Regression Approach with Housing Price-Rent Comparison |
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| WANYANG HU,SIQI ZHENG and RUI WANG.The Capitalization of School Quality in Home Value:A Matching Regression Approach with Housing Price-Rent Comparison[J].China Economic Quarterly,2014(3):1195-1214. |
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| Authors: | WANYANG HU SIQI ZHENG and RUI WANG |
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| Institution: | Tsinghua University UCLA, 100084;Tsinghua University;Tsinghua University UCLA, 100084;Tsinghua University |
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| Abstract: | Chinese cities only children of property owners rather than renters are entitled to enroll in local public school when both live in a school's attendance zone. Taking advantage of this "renter discrimination policy" and using a matching regression strategy, we mitigate the bias caused by unobservable neighborhood traits and estimate the implicit price of school quality in Beijing's housing market. We find evidence that a within-zone housing unit is sold 8. 1C more than if it were outside the attendance zone of a Key Primary School. Such renter discrimination policy leads to the over-high home ownership, distorts tenure choice and resource allocation. |
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