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Abstract for:

Houses and Schools: Valuation of School Quality through then Housing Market - EALE 2010 Presidential Address

Stephen  Machin,  May 2011
Paper No' CEPOP29: | Full paper (pdf)
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Keywords: house prices; school quality

JEL Classification: H4;R21

Is hard copy/paper copy available? YES - Paper Copy Still In Print.
This Paper is published under the following series: CEP Occasional Papers
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Abstract:

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.