Machin, Stephen (2011) Houses and schools: valuation of school quality through the housing market: EALE 2010 presidential address. Centre for Economic Performance occasional papers, CEPOP29. Centre for Economic Performance, London School of Economics and Political Science, London, UK.
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This paper offers a critical appraisal of the now sizable empirical literature that values school quality and performance through housing valuations. This literature consistently finds housing valuations to be significantly higher in places where measured school quality is higher, implying a strong parental willingness to pay to get their children educated in better performing schools. This conclusion emerges from studies undertaken in a number of countries, using a variety of identification strategies, and at different parts of the education sequence that children follow.
|Item Type:||Monograph (Other)|
|Additional Information:||© 2011 The Author|
|Uncontrolled Keywords:||house prices, school quality|
|Library of Congress subject classification:||H Social Sciences > HD Industries. Land use. Labor
L Education > LC Special aspects of education
|Journal of Economic Literature Classification System:||H - Public Economics > H4 - Publicly Provided Goods
R - Urban, Rural, and Regional Economics > R2 - Household Analysis > R21 - Housing Demand
|Sets:||Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
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