EconPapers    
Economics at your fingertips  
 

Parents, peers, or school inputs: Which components of school outcomes are capitalized into house value?

David Brasington () and Donald Haurin ()

University of Cincinnati, Economics Working Papers Series from University of Cincinnati, Department of Economics

Abstract: Previous research has established that people bid more for houses in high-performing school districts. But what is it about school outcomes that drive house prices: the parents, the peers, or the school inputs? We study the extent that house values are affected by each of the components of an education production function. Based on 123 school districts and 26,000 house transactions, we find the primary component of school outcomes that is capitalized into house prices is the amount of parental inputs. In the explanation of variations in house prices, variations in parental characteristics are eight times more important than similar variations in school inputs, and twelve times more important than variations in peer groups. This result suggests that land values in a particular community will be increased more by attention to zoning laws that influence the mix of renters to homeowners and the type of households entering a community compared to investing in additional public school inputs.

Pages: 27 pages
Date: 2008
New Economics Papers: this item is included in nep-edu, nep-hrm and nep-ure
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.artsci.uc.edu/collegedepts/economics/research/docs/Wppdf/2008-09.pdf (application/pdf)

Related works:
Journal Article: Parents, peers, or school inputs: Which components of school outcomes are capitalized into house value? (2009) Downloads
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:cin:ucecwp:2008-09

Access Statistics for this paper

More papers in University of Cincinnati, Economics Working Papers Series from University of Cincinnati, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sourushe Zandvakili ().

 
Page updated 2021-01-24
Handle: RePEc:cin:ucecwp:2008-09