Winning pays: High school football championships and property values

Andrew Friedson and Alexander Bogin

Journal of Housing Economics, 2013, vol. 22, issue 1, 54-61

Abstract: A large literature explores the effect of schooling characteristics on property values, but touches little on non-academic attributes of schools. This study demonstrates the capitalization of high school football championships into school district property values using a model that controls for a series of fixed effects. Winning a state football championship increases property values by 1.65% in the year following the championship, exerting its strongest effect immediately after the championship is won. The effect is biggest in the AA division; the largest and most competitive division.

Keywords: Property value hedonic; High school football; Housing (search for similar items in EconPapers)
JEL-codes: R21 R23 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jhouse:v:22:y:2013:i:1:p:54-61

DOI: 10.1016/j.jhe.2013.02.002

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