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Evaluating The Welfare Effects Of School Quality Improvements: A Residential Sorting Approach

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  • Constant I. Tra
  • Anna Lukemeyer
  • Helen Neill

Abstract

type="main"> Las Vegas experienced improvements in math and reading performance between 2006 and 2011. This study evaluates the benefits of these nonmarginal improvements to Las Vegas area homeowners, using a residential sorting model. We estimate households’ preferences for multiple characteristics including the proportion of proficient students in their assigned elementary school. The estimation accounts for the endogeneity of school quality using school boundary fixed effects. The welfare estimates suggest that the school quality improvements provided substantial benefits to the area's households. We find that benefit measures derived from a hedonic price model are substantially larger than our sorting model benefit measures.

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  • Constant I. Tra & Anna Lukemeyer & Helen Neill, 2013. "Evaluating The Welfare Effects Of School Quality Improvements: A Residential Sorting Approach," Journal of Regional Science, Wiley Blackwell, vol. 53(4), pages 607-630, October.
    • Handle: RePEc:bla:jregsc:v:53:y:2013:i:4:p:607-630
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    1. Zhaohua Zhang & Derrick Robinson & Diane Hite, 2018. "Racial Residential Segregation: Measuring Location Choice Attributes of Environmental Quality and Self-Segregation," Sustainability, MDPI, vol. 10(4), pages 1-20, April.
    2. Geoffrey K. Turnbull & Minrong Zheng, 2022. "Desegregation Litigation and School Quality Capitalization," The Journal of Real Estate Finance and Economics, Springer, vol. 64(2), pages 210-227, February.
    3. Alexander Bogin & Phuong Nguyen-Hoang, 2014. "Property Left Behind: An Unintended Consequence Of A No Child Left Behind “Failing” School Designation," Journal of Regional Science, Wiley Blackwell, vol. 54(5), pages 788-805, November.
    4. Cao, Xiang & Boyle, Kevin J. & Siriwardena, Shyamani D. & Holmes, Thomas P., 2018. "Estimating Demand for Urban Tree Cover Using a Residential Sorting Model," 2018 Annual Meeting, August 5-7, Washington, D.C. 274020, Agricultural and Applied Economics Association.
    5. Geoffrey K. Turnbull & Minrong Zheng, 2021. "A Meta‐Analysis of School Quality Capitalization in U.S. House Prices," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 49(4), pages 1120-1171, December.

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