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School Quality, Local Budgets, and Property Values : A Re-Examination of Capitalization

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Author Info
Bradbury, K-L
Case, K-E
Mayer, C-J

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Abstract

This paper uses newly available quality-controlled house price indexes to estimate the extent of capitalization of both taxes and services by looking at the relationship between changes in house prices and changes in school quality, non-school spending, and taxes.

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Publisher Info
Paper provided by Wellesley College - Department of Economics in its series Papers with number 95-15.

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Length: 26 pages
Date of creation: 1995
Date of revision:
Handle: RePEc:fth:wecoec:95-15

Contact details of provider:
Postal: U.S.A.; Wellesley College, Department of Economics. Wellesley, Massachusetts 02181
Web page: http://www.wellesley.edu/Economics/
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Related research
Keywords: TAXATION ; HOUSING ; EDUCATION;

Find related papers by JEL classification:
H2 - Public Economics - - Taxation, Subsidies, and Revenue
G12 - Financial Economics - - General Financial Markets - - - Asset Pricing
I2 - Health, Education, and Welfare - - Education

Cited by:
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  1. 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!]
Statistics
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This page was last updated on 2009-10-24.

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