Paying for primary schools: admission constraints, school popularity or congestion?

Gibbons, Stephen ORCID: 0000-0002-2871-8562 and Machin, Stephen ORCID: 0009-0004-8130-2701 (2006) Paying for primary schools: admission constraints, school popularity or congestion? The Economic Journal, 116 (510). C77-C92. ISSN 0013-0133

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Abstract

School quality is capitalised in house prices if access to schools is rationed by residential location. We generate empirical predictions from three different theoretical approaches linking house prices to school performance, distance to school and capacity. These are respectively based upon admission constraints, school popularity and congestion effects. We find that test-score-based school performance significantly increases property prices, but only the best one in ten schools generate higher than average prices close by, and that prices are higher close to popular, over-capacity schools. We conclude that the empirical evidence is more in line with the school popularity model.

Item Type:	Article
Official URL:	http://www.blackwellpublishing.com/journals/ecoj/
Additional Information:	© 2006 Blackwell Publishers
Divisions:	Geography & Environment Centre for Economic Performance
Subjects:	H Social Sciences > HB Economic Theory
Date Deposited:	30 Nov 2007
Last Modified:	11 Dec 2024 23:03
URI:	http://eprints.lse.ac.uk/id/eprint/2939

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