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Housing Valuations of School Performance

Sandra Black and Stephen Machin

Chapter 10 in Handbook of the Economics of Education, 2011, vol. 3, pp 485-519 from Elsevier

Abstract: In this Chapter, we critically review the sizable literature that values school quality and performance through housing valuations. While highly variable in terms of research quality, the literature consistently finds housing valuations to be significantly higher in places where measured school quality is higher. Thus parents are prepared to pay substantial amounts of money to get their children educated in better performing schools. This conclusion emerges from studies across many countries, using a variety of identification strategies, and at different levels of the education system.

Keywords: Housing Pricesc; School Quality; Hedonic Regressions (search for similar items in EconPapers)
JEL-codes: I2 (search for similar items in EconPapers)
Date: 2011
ISBN: 978-0-444-53429-3
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