School Quality and Residential Property Values: A Review of Recent Developments and Applications

Michio Naoi

Public Policy Review, 2020, vol. 16, issue 6, 1-23

Abstract: The measurement of consumers’ marginal willingness to pay for public education provides a basis for evaluating and improving existing education policies. This study reviews recent empirical studies that examined the relationship between school quality and housing prices based on a hedonic approach. We classify the existing empirical works according to their identification strategies, discuss the magnitudes of the estimated marginal willingness to pay for public education, and highlight several key aspects that need to be investigated in future research.

Keywords: School Quality; Property Value; Hedonic Approach (search for similar items in EconPapers)
JEL-codes: C21 H75 I21 R23 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.mof.go.jp/english/pri/publication/pp_review/ppr16_06_02.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mof:journl:ppr16_06_02

Access Statistics for this article

More articles in Public Policy Review from Policy Research Institute, Ministry of Finance Japan Contact information at EDIRC.
Bibliographic data for series maintained by Policy Research Institute ().