Unequal school enrollment rights, rent yields gap, and increased inequality: The case of Shanghai

doi:10.1016/j.chieco.2017.04.007

CORC > 上海财经大学 > 上海财经大学

	Unequal school enrollment rights, rent yields gap, and increased inequality: The case of Shanghai
	Zhang, Muyang 1,2,3; Chen, Jie 1
刊名	CHINA ECONOMIC REVIEW
	2018-06
卷号	49 页码:229-240
关键词	School quality Tenant discrimination Rental yield Credit constraint
ISSN号	1043-951X
DOI	10.1016/j.chieco.2017.04.007
英文摘要	This paper first builds a simple theoretic model to explore how a special feature of enrollment policy of public primary schools in urban China, the unequal enrollment right between home owners and tenants, would produce rent-yields gap between different housings. The model also predicts that an enrollment policy featuring with tenant discrimination, accompanying with strict credit constraint, would reduce the chance of kids from middle-income families to attend better public schools while allow families with high initial wealth to access better high-quality public education at a lower cost. Using a hedonic pricing model, we find that, in Shanghai, rental yields of housings in neighborhoods associated with reputed public primary schools is on average 0.1-0.35 percentage-point lower than those associated with ordinary ones. We also explore how the rent-yields-gap varies across housing types, locations and changes over time. Nonetheless, our simulation computation suggests that the estimated opportunity cost of holding such schools in Shanghai is generally not a big amount and affordable for many families. Overall, the high entry costs of owing a housing is the major obstacle to access high-quality public primary education in urban China. These findings highlight how an education policy with features of inequality may contribute to education and residential segregation, and then reduce intergenerational mobility.
WOS研究方向	Business & Economics
语种	英语
出版者	ELSEVIER SCIENCE INC
WOS记录号	WOS:000434904600015
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/611]
专题	上海财经大学
通讯作者	Chen, Jie
作者单位	1.Shanghai Univ Finance & Econ, Shanghai, Peoples R China; 2.Shanghai Univ Finance & Econ, China Publ Finance Inst, Phoenix Bldg,Guoding Rd 777, Shanghai 200433, Peoples R China; 3.Shanghai Univ Finance & Econ, Sch Publ Econ & Adm, Phoenix Bldg,Guoding Rd 777, Shanghai 200433, Peoples R China
推荐引用方式 GB/T 7714	Zhang, Muyang,Chen, Jie. Unequal school enrollment rights, rent yields gap, and increased inequality: The case of Shanghai[J]. CHINA ECONOMIC REVIEW,2018,49:229-240.
APA	Zhang, Muyang,&Chen, Jie.(2018).Unequal school enrollment rights, rent yields gap, and increased inequality: The case of Shanghai.CHINA ECONOMIC REVIEW,49,229-240.
MLA	Zhang, Muyang,et al."Unequal school enrollment rights, rent yields gap, and increased inequality: The case of Shanghai".CHINA ECONOMIC REVIEW 49(2018):229-240.