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Kindergarten Proximity and the Housing Market Price in Italy

Angela Stefania Bergantino (), Antonella Biscione (), Annunziata de Felice (), Francesco Porcelli () and Riccardo Zagaria ()
Additional contact information
Angela Stefania Bergantino: Department of Economics, Management and Business Law, University of Bari Aldo Moro
Antonella Biscione: Department of Bioeconomic Strategies in the European Union and in the Balkans CESPIC, Catholic University Our Lady of Good Counsel
Annunziata de Felice: Department of Law, University of Bari Aldo Moro
Francesco Porcelli: Department of Law, University of Bari Aldo Moro
Riccardo Zagaria: Italian National Institute of Social Security

No 1012, Working Papers from European Centre of Peace Science, Integration and Cooperation (CESPIC), Catholic University 'Our Lady of Good Counsel'

Abstract: This paper investigates the impact of kindergarten proximity on housing market prices in the eleven major Italian Municipalities over the period 2004-2017. For this purpose, we employ a hedonic property price model. We also differentiate the impact of kindergarten proximity on houses' market price between state and non-state premises. The findings highlight that (i) the level of housing price depends on kindergarten proximity; (ii) some quality school characteristics played a crucial role and (iii) the distinction between public and non-state kindergartens shows that the vicinity of the latter generates a more significant capitalization effect.

Keywords: house value; kindergarten; neighborhood; capitalization (search for similar items in EconPapers)
JEL-codes: I22 R3 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2021-03
New Economics Papers: this item is included in nep-eur and nep-ure
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http://repec.unizkm.edu.al/pea/wpaper/WP2021_03_BERGANTINO.pdf First version, 2021 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pea:wpaper:1012

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