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

Gong, Yifan; Leung, Charles Ka Yui

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

Gong, Yifan; Leung, Charles Ka Yui

Institute of Social and Economic Research Discussion Papers, 2020, 1105, 1-30

アクセス数:208件（2025-07-04 21:40 集計）

固定URL: https://hdl.handle.net/11094/77258

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タイトル	When education policy and housing policy interact: Can they correct for the externalities?
著者	著者名 Gong, Yifan
著者	著者名 Leung, Charles Ka Yui
キーワード等	school finance consolidation
	public housing
	housing voucher
	endogenous sorting mechanism
	short-run rigidity versus long-run flexibility
抄録	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.
出版者	The Institute of Social and Economic Research, Osaka University
収録物名	Institute of Social and Economic Research Discussion Papers
巻(号)	1105
ページ	1-30
刊行年月	2020-10
言語	英語
ハンドルURL	https://hdl.handle.net/11094/77258
PISSN	0473453X
eISSN	24350982
関連情報 (references)	URI https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2020/DP1105.pdf
アクセス権	metadata only access
カテゴリ	ディスカッション／ワーキング・ペーパー DP/WP
カテゴリ	Institute of Social and Economic Research Discussion Papers

資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
DCMI資源タイプ	text
DCTERMS.bibliographicCitation	Institute of Social and Economic Research Discussion Papers. 2020, 1105, p. 1-30
DC.title	When education policy and housing policy interact: Can they correct for the externalities?
DC.creator	Gong, Yifan
DC.creator	Leung, Charles Ka Yui
DC.publisher	The Institute of Social and Economic Research, Osaka University
DC.language' scheme='DCTERMS.RFC1766	英語
DC.type' scheme='DCTERMS.DCMIType	text
DCTERMS.issued' scheme='DCTERMS.W3CDTF	2020-10
DC.relation' scheme='DCTERMS.URI	https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2020/DP1105.pdf
DC.subject	school finance consolidation
	public housing
	housing voucher
	endogenous sorting mechanism
	short-run rigidity versus long-run flexibility
DCTERMS.abstract	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.
DC.format	77258
citation_title	When education policy and housing policy interact: Can they correct for the externalities?
citation_author	Gong, Yifan
citation_author	Leung, Charles Ka Yui
citation_publisher	The Institute of Social and Economic Research, Osaka University
citation_language	英語
citation_date	2020-10
citation_journal_title	Institute of Social and Economic Research Discussion Papers
citation_volume	1105
citation_firstpage	1
citation_lastpage	30
citation_public_url	https://hdl.handle.net/11094/77258
citation_abstract_html_url	https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2020/DP1105.pdf

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

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