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On dependence between housing value and school characteristics

Evgeniy Ozhegov, Nikita Kosolapov () and Iuliia Pozolotina ()
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Nikita Kosolapov: National Research University Higher School of Economics, Perm, Russian Federation;
Iuliia Pozolotina: National Research University Higher School of Economics, Perm, Russian Federation;

Applied Econometrics, 2017, vol. 47, 28-48

Abstract: In this paper we study the dependence between schools’ characteristics and housing prices of secondary residential property market in the city of Perm. We employ the data on list prices and school characteristics in 2014. The estimation of spatial autoregression model reveals the effect of school education quality characteristics on residential real estate prices. The dividing on subsamples with one-room and multi-room flats shows the differences in school characteristics effects on prices. Moreover, we reveal the link between income and school quality effects on real estate prices.

Keywords: education quality; school education; house prices; spatial autoregression (search for similar items in EconPapers)
JEL-codes: C21 I28 I29 R31 (search for similar items in EconPapers)
Date: 2017
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