Gibbons, Stephen 
ORCID: 0000-0002-2871-8562 and Machin, Stephen ORCID: 0009-0004-8130-2701
(2003)
Valuing English primary schools.
Journal of Urban Economics, 53 (2).
pp. 197-219.
ISSN 0094-1190
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 |
| 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: | 01 Nov 2024 05:15 |
| URI: | http://eprints.lse.ac.uk/id/eprint/2938 |
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