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Promise scholarship programs as place-making policy: Evidence from school enrollment and housing prices

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  • LeGower, Michael
  • Walsh, Randall
Abstract
Place-based “Promise” scholarship programs—which guarantee financial aid for qualifying graduates of a school district—have proliferated in recent years. Using data from multiple sites, we compare the evolution of school enrollment and residential real estate prices around program announcement dates within Promise-eligible and surrounding areas. While our estimates indicate that enrollment increased following Promise announcements, merit-based programs generated relative increases in white enrollment. Housing prices respond strongly in neighborhoods with better primary schools and in the upper half of the housing price distribution. We conclude that these programs have important and under-studied distributional considerations.

Suggested Citation

  • LeGower, Michael & Walsh, Randall, 2017. "Promise scholarship programs as place-making policy: Evidence from school enrollment and housing prices," Journal of Urban Economics, Elsevier, vol. 101(C), pages 74-89.
    • Handle: RePEc:eee:juecon:v:101:y:2017:i:c:p:74-89
    DOI: 10.1016/j.jue.2017.06.001
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    Cited by:

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    2. Robert Bifulco & Ross Rubenstein & Hosung Sohn, 2017. "Using Synthetic Controls to Evaluate the Effect of Unique Interventions: The Case of Say Yes to Education," Evaluation Review, , vol. 41(6), pages 593-619, December.
    3. Xiao Tian & Jin Liu & Yong Liu, 2022. "How Does the Quality of Junior High Schools Affect Housing Prices? A Quasi-Natural Experiment Based on the Admission Reform in Chengdu, China," Land, MDPI, vol. 11(9), pages 1-18, September.
    4. Elaine W. Leigh & Manuel S. González Canché, 2021. "The College Promise in Communities: Do Place-based Scholarships Affect Residential Mobility Patterns?," Research in Higher Education, Springer;Association for Institutional Research, vol. 62(3), pages 259-308, May.
    5. Kitchens, Carl & Wallace, Cullen T., 2022. "The impact of place-based poverty relief: Evidence from the Federal Promise Zone Program," Regional Science and Urban Economics, Elsevier, vol. 95(C).
    6. Tang, Yugang & Chen, Meng-Wei & Zhang, Hehe, 2024. "A study on the benefit incidence of a place-based education fee reduction program: Evidence from a local housing market in China," Regional Science and Urban Economics, Elsevier, vol. 106(C).

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    More about this item

    Keywords

    Education; Promise Programs; Place-based Scholarship Programs;
    All these keywords.

    JEL classification:

    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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