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Houses and Schools: Valuation of School Quality through then Housing Market - EALE 2010 Presidential Address

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  • Stephen Machin

Abstract

This paper offers a critical appraisal of the now sizable empirical literature that values school quality and performance through housing valuations. This literature consistently finds housing valuations to be significantly higher in places where measured school quality is higher, implying a strong parental willingness to pay to get their children educated in better performing schools. This conclusion emerges from studies undertaken in a number of countries, using a variety of identification strategies, and at different parts of the education sequence that children follow.

Suggested Citation

  • Stephen Machin, 2011. "Houses and Schools: Valuation of School Quality through then Housing Market - EALE 2010 Presidential Address," CEP Occasional Papers 29, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepops:29
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    File URL: https://cep.lse.ac.uk/pubs/download/occasional/op029.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    house prices; school quality;

    JEL classification:

    • H4 - Public Economics - - Publicly Provided Goods
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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