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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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Abstract

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: http://www.elsevier.com/locate/inca/622905
Additional Information: © 2003 Elsevier
Library of Congress subject classification: G Geography. Anthropology. Recreation > GN Anthropology
L Education > L Education (General)
Journal of Economic Literature Classification System: I - Health, Education, and Welfare > I2 - Education
Sets: Departments > Geography and Environment
Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 30 Nov 2007
URL: http://eprints.lse.ac.uk/2938/

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