When education policy and housing policy interact: Can they correct for the externalities?

Material type: 文書・図像類

Author: Gong, Yifanほか

Publisher: The Institute of Social and Economic Research, Osaka University

Publication date: 2020-10

Material Format: Paper

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Note (General)：: We develop a simple spatial equilibrium model with the peer group effect and local public finance to analyze the implications of housing policies such...

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Paper

Material Type: 文書・図像類
Title: When education policy and housing policy interact: Can they correct for the externalities?
Author/Editor: Gong, Yifan
Leung, Charles Ka Yui
Author Heading: Gong, Yifan
Leung, Charles Ka Yui
Publication, Distribution, etc.: The Institute of Social and Economic Research, Osaka University
Publication Date: 2020-10
Publication Date (W3CDTF): 2020-10
Periodical title: Institute of Social and Economic Research Discussion Papers
No. or year of volume/issue: 1105
Volume: 1105
Pages: 1-30
ISSN (Periodical Title): PISSN : 0473453X
EISSN : 24350982
Text Language Code: eng
Subject Heading: school finance consolidation
public housing
housing voucher
endogenous sorting mechanism
short-run rigidity versus long-run flexibility
Target Audience: 一般
Note (General): We develop a simple spatial equilibrium model with the peer group effect and local public finance to analyze the implications of housing policies such as public housing and housing voucher programs, and education policies such as school finance consolidation. The calibrated model can match several stylized facts of the labor market and the housing market in the United States. Our counterfactual policy analyses suggest that public housing and housing voucher programs have similar welfare implications on the household level. However, within a household, the public housing program tends to benefit the children more than the parents, while the housing voucher program delivers the opposite result. Combining the school finance consolidation policy with the public housing program could improve the well-being of children from poor households without hurting other households' welfare. Some policies' short-run welfare implications can deviate significantly from their long-run counterparts when all choices are optimized.
References (URI): URI
http://www.iser.osaka-u.ac.jp/library/dp/2020/DP1105.pdf
Data Provider (Database): 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）
https://irdb.nii.ac.jp
Original Data Provider (Database): 大阪大学 : 大阪大学学術情報庫　桜華