Abstract
AbstractThis study investigates how disclosure of school quality information influences the behavior of students and parents. Using the event in which school‐level test scores were first disclosed in October 2014 in Matsue City, Japan, I estimate the change in the effect of test scores on housing rent and population in a school district between pre‐ and post‐disclosure. Following the disclosure of scores, the school catchment areas with higher scores witnessed a significant increase in the rents of apartments for families and the population of school‐age children. These results provide novel evidence that disclosure of school quality information significantly impacts people's school and residential choice behavior.
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