What is a high school worth?: A model of Australian private secondary school fees
AbstractOver the last few decades there have been significant increases in student enrolments in Australian non-government schools. It has been suggested that this growth has been the outcome of government subsidies to non-government schools. Despite this significant funding school fees have also been increasing. In this paper we examine these changes for Victoria and look at a number of comparisons between government and non-government schools. In addition, rather than examining the determinants of school selection we examine the determinants of fees at non-government schools by estimating a hedonic price model. We conclude that the characteristics of the schools such as university entrance performance do have a positive impact on the fees. In addition, we determine that the socioeconomic status of the other students has a positive impact as well as the scale of the school as measured by the number of staff, the variety of the offerings and the age of the school all have a positive impact.
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Bibliographic InfoPaper provided by The University of Melbourne in its series Department of Economics - Working Papers Series with number 1161.
Length: 24 pages
Date of creation: 2012
Date of revision:
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Postal: Department of Economics, The University of Melbourne, 5th Floor, Economics and Commerce Building, Victoria, 3010, Australia
Phone: +61 3 8344 5289
Fax: +61 3 8344 6899
Web page: http://www.economics.unimelb.edu.au
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-11-17 (All new papers)
- NEP-EDU-2012-11-17 (Education)
- NEP-LAB-2012-11-17 (Labour Economics)
- NEP-URE-2012-11-17 (Urban & Real Estate Economics)
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