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House prices and the quality of public schools: what are we buying?

Author

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  • Theodore M. Crone

Abstract

Do house prices reflect the quality of the local public schools? To what extent do school district policies determine how well students perform? How do such factors as neighborhood, family, and peers affect school quality and house prices? Ted Crone examines these questions, and others, to determine whether house prices do, indeed, include a school premium.

Suggested Citation

  • Theodore M. Crone, 1998. "House prices and the quality of public schools: what are we buying?," Business Review, Federal Reserve Bank of Philadelphia, issue Sep, pages 3-14.
  • Handle: RePEc:fip:fedpbr:y:1998:i:sep:p:3-14
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    File URL: http://www.phil.frb.org/files/br/brso98tc.pdf
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    References listed on IDEAS

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    Cited by:

    1. Farrer, Benjamin & Holahan, Robert & Shvetsova, Olga, 2017. "Accounting for heterogeneous private risks in the provision of collective goods: Controversial compulsory contracting institutions in horizontal hydrofracturing," Journal of Economic Behavior & Organization, Elsevier, vol. 133(C), pages 138-150.
    2. Yung-Lung Lee & Kwang-Yi Yeh & Tzung-Cheng Huang, 2001. "The Tourism Development and Property Market in Historical Area- Evidence of Tainan City," ERES eres2001_208, European Real Estate Society (ERES).
    3. Stephen A. Samaha & Wagner A. Kamakura, 2008. "Assessing the Market Value of Real Estate Property with a Geographically Weighted Stochastic Frontier Model," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 36(4), pages 717-751, December.
    4. Barrow, Lisa, 2002. "School choice through relocation: evidence from the Washington, D.C. area," Journal of Public Economics, Elsevier, vol. 86(2), pages 155-189, November.

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    Keywords

    Education ; Housing;

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