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Author: Eric Brunner and Jon Sonstelie A school voucher would decrease property values in neighborhoods with good public schools and increase property values in neighborhoods with inferior public schools. These potential gains and losses may influence voting on voucher initiatives, particularly for homeowners without school children. This paper examines that possibility, using a survey of potential voters on California's 2000 voucher initiative. We find evidence that homeowners voted to protect their property values. For homeowners without school children, the probability of voting for the voucher was 39 percent if they lived in neighborhoods with good public schools and 56 percent if they lived in neighborhoods with inferior schools. Click here to view publication as a PDF  Click here to email a PDF |
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