Kindergarten Proximity and the Housing Market Price in Italy

Angela Bergantino, Antonella Biscione (), Annunziata de Felice (), Francesco Porcelli and Riccardo Zagaria ()
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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
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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https://repec.unizkm.edu.al/pea/wpaper/WP2021_03_BERGANTINO.pdf First version, 2021 (application/pdf)
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Journal Article: Kindergarten Proximity and the Housing Market Price in Italy (2022)
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