Houses and Schools: Valuation of School Quality through then Housing Market - EALE 2010 Presidential Address
Paper No' CEPOP29:
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Keywords: house prices; school quality
JEL Classification: H4;R21
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This Paper is published under the following series:
CEP Occasional Papers
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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.