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On dependence between housing value and school characteristics

Author

Listed:
  • Ozhegov, Evgeniy

    () (National Research University Higher School of Economics, Perm, Russian Federation;)

  • Kosolapov, Nikita

    () (National Research University Higher School of Economics, Perm, Russian Federation;)

  • Pozolotina, Iuliia

    () (National Research University Higher School of Economics, Perm, Russian Federation;)

Abstract

In this paper we study the dependence between schools’ characteristics and housing prices of secondary residential property market in the city of Perm. We employ the data on list prices and school characteristics in 2014. The estimation of spatial autoregression model reveals the effect of school education quality characteristics on residential real estate prices. The dividing on subsamples with one-room and multi-room flats shows the differences in school characteristics effects on prices. Moreover, we reveal the link between income and school quality effects on real estate prices.

Suggested Citation

  • Ozhegov, Evgeniy & Kosolapov, Nikita & Pozolotina, Iuliia, 2017. "On dependence between housing value and school characteristics," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 47, pages 28-48.
  • Handle: RePEc:ris:apltrx:0323
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    education quality; school education; house prices; spatial autoregression;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • I29 - Health, Education, and Welfare - - Education - - - Other
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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