Balancing education and real estate: The impact of the teacher rotation policy on school district housing prices

In this study, we use Shanghai as a case study, leveraging extensive housing transaction data from its pilot areas to analyze the impact of the teacher rotation policy on the differentiation of school district housing prices within the city. Our findings reveal that the policy significantly reduces housing prices in high-quality school districts, with the most pronounced effect observed in dual school districts. This suggests that the teacher rotation policy not only promotes a more equitable distribution of educational resources but also curbs the excessive and irrational inflation of school district housing prices in major cities.