May 2011 Occasional paper 29 Houses and Schools : Valuation of School Quality through the Housing Market EALE
نویسنده
چکیده
This paper offers a critical appraisal of the now sizable empirical literature that values school quality and performance through housing valuations. This literature consistently finds housing valuations to be significantly higher in places where measured school quality is higher, implying a strong parental willingness to pay to get their children educated in better performing schools. This conclusion emerges from studies undertaken in a number of countries, using a variety of identification strategies, and at different parts of the education sequence that children follow.
منابع مشابه
Capitalising the Value of Free Schools: The Impact of Land Supply Constraints
2 Abstract There has been a growing literature in both the US (for example Haurin and Brasington 1996, and Black 1999) and the UK (for example Gibbons & Machin, 2001), which estimates the way in which school quality is capitalised into house prices. In earlier work the present authors (Cheshire & Sheppard 1995; 1999) estimated a hedonic model for the housing markets of Darlington, Nottingham an...
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