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Houses and schools: valuation of school quality through the housing market: EALE 2010 presidential address

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  • Machin, Stephen

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

  • Machin, Stephen, 2011. "Houses and schools: valuation of school quality through the housing market: EALE 2010 presidential address," LSE Research Online Documents on Economics 47495, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:47495
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    References listed on IDEAS

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    Full references (including those not matched with items 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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