Meta-analysis of the relationship between high quality basic education resources and housing prices

摘要

There are many studies examining the school district housing premium, and conclusions regarding the premium are quite diverse. Therefore, it is necessary to conduct an integrated analysis of the relevant literatures to determine the factors causing the premium, and to explore logically the relationship between housing prices and high quality basic education resources. Based on this goal, a theoretical framework is designed to analyze the incremental effect of high quality basic education resources on housing prices. Using the meta-analysis method, this study discusses the problem of the Chinese school district housing premium based on three aspects of education, namely location, stage, and characteristics. The study finds that education resources in the compulsory education stage have a positive impact (5.5 %) on housing prices. Compared with distance and quantity, the quality of schools has the highest premium rate, which is 7.2 %. The premium rate of education resources in non-first-tier cities (5.8 %) is higher than that in first-tier cities (2.8 %). We conclude that the connection between compulsory education and household registration is the key driving force behind the high housing premium in China.