University/Organization
University of Northern Iowa
Title
Analysis of the Impact of the Closure of a Laboratory School on House Prices
Synopsis
This study examines the impact of the sudden closure of a public laboratory school on nearby house prices. The study uses a difference-in-difference approach with spatial effects in an hedonic model. It compares house prices in the attendance zone of the closed school (a treatment group) with house prices in a comparable, adjacent neighborhood (a control group), before and after the closure. We find that the closure reduced house prices in the attendance zone by about 5 to 10 percent.