Twenty-first century education reform shifted the pursuit of public education from democratic principles to the pursuit of private interests for individual benefit. Reasoning from an applied behavior economic theoretical framework assumes consumers seeking economic benefits from their public schools will seek public schools with more resources.…

This study examines the effect of a reasonably exogenous school equalization reform in Beijing on housing values. Based on sales records of secondhand housing between 2012 and 2016 in four core urban districts in Beijing straddling the reform, the authors find that reform-induced improvement in school quality is on average associated with a 1.7%…