https://orcid.org/0000-0003-3346-3709
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Abstract
Previous research shows that court-ordered busing to desegregate public schools dampens housing market capitalization of school quality even after the court order is lifted. This paper considers how long this effect lasts. The meta-analysis of 50 school quality capitalization studies finds that, while the effect of previous busing on capitalization fades over time, it does so slowly, with significant negative net effects persisting for about 5.5 years.
Notes
1 East Baton Rouge Parish, LA, provides an example of decades long court supervision of the school system that eventually resulted in random school assignments each term which required a costly hub-and-spoke busing system to move students from their homes to a central location where they transferred to buses that then took them to their assigned schools (Zahirovic-Herbert & Turnbull, Citation2009).
2 Turnbull et al. (Citation2018) provide evidence that house prices capitalize the risk of reassignment to another school from attendance zone adjustments arising from changes in the geographic distribution of the student population in the school district over time.
3 In addition to Turnbull and Zheng (Citation2021, Citation2022) see, for example, Smith and Huang (Citation1996), Schipper et al. (Citation1998), Nelson (2004), Sirmans et al. (2006), Debrezion et al. (Citation2007) Sirmans et al. (Citation2010), and Braden et al. (Citation2011) for a variety of housing market applications.
4 Unlike Models 1 and 3, legacy calculations for Models 2 and 4 including Busing Years depend on the number of years the busing policy is in place.
5 Note that Cov(α,β) = -0.061 in Models 1 and 3 when calculating the standard error for the joint effect.