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

Stephen Machin

CEP Occasional Papers from Centre for Economic Performance, LSE

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.

Keywords: house prices; school quality (search for similar items in EconPapers)
JEL-codes: H4 R21 (search for similar items in EconPapers)
Date: 2011-05
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Citations: View citations in EconPapers (37)

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Working Paper: Houses and schools: valuation of school quality through the housing market: EALE 2010 presidential address (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepops:29

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