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Housing Valuations of School Performance

In: Handbook of the Economics of Education

Author

Listed:
  • Black, Sandra E.
  • Machin, Stephen
Abstract
In this Chapter, we critically review the sizable literature that values school quality and performance through housing valuations. While highly variable in terms of research quality, the literature consistently finds housing valuations to be significantly higher in places where measured school quality is higher. Thus parents are prepared to pay substantial amounts of money to get their children educated in better performing schools. This conclusion emerges from studies across many countries, using a variety of identification strategies, and at different levels of the education system.

Suggested Citation

  • Black, Sandra E. & Machin, Stephen, 2011. "Housing Valuations of School Performance," Handbook of the Economics of Education, in: Erik Hanushek & Stephen Machin & Ludger Woessmann (ed.), Handbook of the Economics of Education, edition 1, volume 3, chapter 10, pages 485-519, Elsevier.
    • Handle: RePEc:eee:educhp:3-10
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    More about this item

    Keywords

    Housing Pricesc; School Quality; Hedonic Regressions;
    All these keywords.

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education

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