This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Educational Outcomes and House Values: A Test of the value added Approach Author info | Abstract | Publisher info | Download info | Related research | Statistics David Brasington
Donald R. Haurin
Additional information is available for the following
registered author(s):
We use house price hedonics to compare the extent that homeowners value traditional measures of school quality or the "value added" of schooling. Unlike other studies, we use spatial statistics as an identification strategy. Based on our study of 310 school districts and 77,000 house transactions, we find little support for the value added model. Instead, we find that households consistently value a district's average proficiency test scores and expenditures. The elasticity of house prices with respect to school expenditures is 0.49, and an increase in test scores by one standard deviation, ceteris paribus, raises house prices by 7.1 percent. Copyright Blackwell Publishers, 2006
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Article provided by Blackwell Publishing in its journal Journal of Regional Science .
Volume (Year): 46 (2006)
Issue (Month): 2 ()
Pages: 245-268
Download reference. The following formats are available: HTML ,
plain text ,
BibTeX ,
RIS (EndNote),
ReDIF
Handle: RePEc:bla:jregsc:v:46:y:2006:i:2:p:245-268Contact details of provider: Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-4146
Order Information: Web: http://www.blackwellpublishing.com/subs.asp?ref=0022-4146
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Keywords: Other versions of this item:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: David N. Figlio & Maurice E. Lucas, 2004.
"What's in a Grade? School Report Cards and the Housing Market ,"
American Economic Review ,
American Economic Association, vol. 94(3), pages 591-604, June.
[Downloadable!] (restricted)
Meyer, Robert H., 1997.
"Value-added indicators of school performance: A primer ,"
Economics of Education Review ,
Elsevier, vol. 16(3), pages 283-301, June.
[Downloadable!] (restricted)
Hunt-McCool, Janet & Bishop, Dawn M., 1998.
"Health economics and the economics of education: specialization and division of labor ,"
Economics of Education Review ,
Elsevier, vol. 17(3), pages 237-244, June.
[Downloadable!] (restricted)
Summers, Anita A & Wolfe, Barbara L, 1977.
"Do Schools Make a Difference? ,"
American Economic Review ,
American Economic Association, vol. 67(4), pages 639-52, September.
[Downloadable!] (restricted)
Gomes-Neto, Joao Batista & Hanushek, Eric A. & Leite, Raimundo Helio & Frota-Bezzera, Roberto Claudio, 1997.
"Health and schooling: Evidence and policy implications for developing countries ,"
Economics of Education Review ,
Elsevier, vol. 16(3), pages 271-282, June.
[Downloadable!] (restricted)
Other versions: Cheshire, Paul & Sheppard, Stephen, 2002.
"The welfare economics of land use planning ,"
Journal of Urban Economics ,
Elsevier, vol. 52(2), pages 242-269, September.
[Downloadable!] (restricted)
Rosen, Harvey S & Fullerton, David J, 1977.
"A Note on Local Tax Rates, Public Benefit Levels, and Property Values ,"
Journal of Political Economy ,
University of Chicago Press, vol. 85(2), pages 433-40, April.
[Downloadable!] (restricted)
Michael T. Owyang & Abbigail J Chiodo & Ruben Hernandez-Murillo, 2004.
"Nonlinear Hedonics and the Search for School District Quality ,"
Econometric Society 2004 North American Summer Meetings
276, Econometric Society.
[Downloadable!]
Other versions: Christian A. L. Hilber & Christopher J. Mayer, .
"Land Supply, House Price Capitalization, and Local Spending on Schools ,"
Zell/Lurie Center Working Papers
392, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania.
[Downloadable!] (restricted)
Rosen, Sherwin, 1974.
"Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition ,"
Journal of Political Economy ,
University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
[Downloadable!] (restricted)
David M. Brasington, 2000.
"Demand and Supply of Public School Quality in Metropolitan Areas: The Role of Private Schools ,"
Journal of Regional Science ,
Blackwell Publishing, vol. 40(3), pages 583-605.
[Downloadable!] (restricted)
David Brasington & D. Hite, .
"Demand for Environmental Quality: A Spatial Hedonic Analysis ,"
Departmental Working Papers
2003-02, Department of Economics, Louisiana State University.
Other versions: Bolduc, Denis & Laferriere, Richard & Santarossa, Gino, 1992.
"Spatial autoregressive error components in travel flow models ,"
Regional Science and Urban Economics ,
Elsevier, vol. 22(3), pages 371-385, September.
[Downloadable!] (restricted)
David M. Brasington, 1999.
"Which Measures of School Quality Does the Housing Market Value? ,"
Journal of Real Estate Research ,
American Real Estate Society, vol. 18(3), pages 395-414.
[Downloadable!]
Cushing, Brian J., 1984.
"Capitalization of interjurisdictional fiscal differentials: An alternative approach ,"
Journal of Urban Economics ,
Elsevier, vol. 15(3), pages 317-326, May.
[Downloadable!] (restricted)
Bogart, William T. & Cromwell, Brian A., 2000.
"How Much Is a Neighborhood School Worth? ,"
Journal of Urban Economics ,
Elsevier, vol. 47(2), pages 280-305, March.
[Downloadable!] (restricted)
Angela Dills, 2004.
"Do Parents Value Changes in Test Scores? High Stakes Testing in Texas ,"
Contributions to Economic Analysis & Policy ,
Berkeley Electronic Press, vol. 3(1), pages 1230-1230.
[Downloadable!] (restricted)
Kelley Pace, R., 1997.
"Performing large spatial regressions and autoregressions ,"
Economics Letters ,
Elsevier, vol. 54(3), pages 283-291, July.
[Downloadable!] (restricted)
David M. Brasington, 2002.
"Differences in the Production of Education Across Regions and Urban and Rural Areas ,"
Regional Studies ,
Taylor and Francis Journals, vol. 36(2), pages 137-145, April.
[Downloadable!] (restricted)
Pace, R Kelley & Barry, Ronald & Sirmans, C F, 1998.
"Spatial Statistics and Real Estate ,"
The Journal of Real Estate Finance and Economics ,
Springer, vol. 17(1), pages 5-13, July.
[Downloadable!] (restricted)
Other versions: Hanushek, Eric A, 1992.
"The Trade-Off between Child Quantity and Quality ,"
Journal of Political Economy ,
University of Chicago Press, vol. 100(1), pages 84-117, February.
[Downloadable!] (restricted)
Hanushek, Eric A, 1986.
"The Economics of Schooling: Production and Efficiency in Public Schools ,"
Journal of Economic Literature ,
American Economic Association, vol. 24(3), pages 1141-77, September.
[Downloadable!] (restricted)
Goodman, Allen C. & Thibodeau, Thomas G., 1998.
"Housing Market Segmentation ,"
Journal of Housing Economics ,
Elsevier, vol. 7(2), pages 121-143, June.
[Downloadable!] (restricted)
Julian R. Betts, 1996.
"Is There a Link Between School Inputs and Earnings? Fresh Scrutiny of an Old Literature ,"
University of California at San Diego, Economics Working Paper Series
96-09, Department of Economics, UC San Diego.
[Downloadable!]
Figlio, David N., 1999.
"Functional form and the estimated effects of school resources ,"
Economics of Education Review ,
Elsevier, vol. 18(2), pages 241-252, April.
[Downloadable!] (restricted)
Oates, Wallace E, 1969.
"The Effects of Property Taxes and Local Public Spending on Property Values: An Empirical Study of Tax Capitalization and the Tiebout Hypothesis ,"
Journal of Political Economy ,
University of Chicago Press, vol. 77(6), pages 957-71, Nov./Dec..
[Downloadable!] (restricted)
Sandra E. Black, 1999.
"Do Better Schools Matter? Parental Valuation Of Elementary Education ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 114(2), pages 577-599, May.
[Downloadable!] (restricted)
Other versions: Hanushek, E.A.omson, W., 1996.
"Assessing the Effects of School Resources on Student Performance : An Update ,"
RCER Working Papers
424, University of Rochester - Center for Economic Research (RCER).
Bradbury, Katharine L. & Mayer, Christopher J. & Case, Karl E., 2001.
"Property tax limits, local fiscal behavior, and property values: evidence from Massachusetts under Proposition ,"
Journal of Public Economics ,
Elsevier, vol. 80(2), pages 287-311, May.
[Downloadable!] (restricted)
Kathy J. Hayes & Lori L. Taylor, 1996.
"Neighborhood school characteristics: what signals quality to homebuyers? ,"
Economic and Financial Policy Review ,
Federal Reserve Bank of Dallas, issue Q IV, pages 2-9.
[Downloadable!]
Brasington, David M., 2002.
"Edge versus center: finding common ground in the capitalization debate ,"
Journal of Urban Economics ,
Elsevier, vol. 52(3), pages 524-541, November.
[Downloadable!] (restricted)
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Jon H. Fiva & Lars J. Kirkebøen, 2008.
"Does the Housing Market React to New Information on School Quality? ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo GmbH.
[Downloadable!]
Other versions: David Brasington & Don Haurin, .
"The Demand for Educational Quality: Comparing Estimates from a Median Voter Model with those from an Almost Ideal Demand System ,"
Departmental Working Papers
2005-16, Department of Economics, Louisiana State University.
[Downloadable!]
Steven F. Kreft, 2007.
"An Efficiency Comparison of City Managers and Elected Mayors ,"
Working Papers
2007-02, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
[Downloadable!]
Jon H. Fiva and Marte Rønning, 2006.
"The Incentive Effects of Property Taxation: Evidence from Norwegian School Districts ,"
Discussion Papers
484, Research Department of Statistics Norway.
[Downloadable!]
David M. Brasington, .
"School Choice and the Flight to Private Schools: To What Extent Are Public and Private Schools Substitutes? ,"
Departmental Working Papers
2006-04, Department of Economics, Louisiana State University.
[Downloadable!]
Other versions: David M. Brasington, .
"Public and Private School Competition: The Spatial Education Production Function ,"
Departmental Working Papers
2005-09, Department of Economics, Louisiana State University.
[Downloadable!]
John M. Clapp & Anupam Nanda & Stephen L. Ross, 2005.
"Which School Attributes Matter? The Influence of School District Performance and Demographic Composition on Property Values ,"
Working papers
2005-26, University of Connecticut, Department of Economics, revised Jan 2007.
[Downloadable!]
Access and
download statistics Did you know? You can use convenient plug-ins to search directly IDEAS from your browser.
This page was last updated on 2008-7-16.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .