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Valuing English primary schools

Gibbons, Stephen and Machin, Stephen (2003) Valuing English primary schools. Journal of Urban Economics, 53 (2). pp. 197-219. ISSN 0094-1190

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Identification Number: 10.1016/S0094-1190(02)00516-8


This paper provides the first empirical evidence for the UK on the effect of primary school performance on property prices. We find that, on average, a one percentage point increase in the neighbourhood proportion of children reaching the government-specified target grade pushes up neighbourhood property prices by 0.67%. At 2000 property prices, we calculate the social valuation of a sustained 1% improvement in primary school performance to be up to £90 per child per year. Our instrumental variable and semi-parametric approach avoids the problems of school quality endogeneity and omitted neighbourhood variables that occur in typical property value models.

Item Type: Article
Official URL:
Additional Information: © 2003 Elsevier
Divisions: Centre for Economic Performance
Geography & Environment
Subjects: G Geography. Anthropology. Recreation > GN Anthropology
L Education > L Education (General)
JEL classification: I - Health, Education, and Welfare > I2 - Education
Date Deposited: 30 Nov 2007
Last Modified: 20 Sep 2021 00:41

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