Abstract
In a recent study, Black (1999) shows that parents buy better schooling for their children by paying more for housing. She finds that parents who pay 2.5 percent more for housing receive a 5 percent increase in elementary school test scores. In this chapter, I test a related hypothesis—whether an increase in the percentage of children who attend private grade schools and high schools in Illinois increases housing values. As indicated in the previous chapter, Catholic schools account for more than fifty percent of the enrollment in private grade schools and high schools in Illinois. For this reason, I assume private school effects on housing values are a proxy for Catholic school effect. I show that a one percentage point increase in the percentage who attend private schools increases housing values by about 1 percent.
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