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Kindergarten Proximity and the Housing Market Price in Italy

Author

Listed:
  • Angela Stefania Bergantino

    (Department of Economics, Management and Business Law, University of Bari Aldo Moro)

  • Antonella Biscione

    (Department of Bioeconomic Strategies in the European Union and in the Balkans CESPIC, Catholic University Our Lady of Good Counsel)

  • Annunziata de Felice

    (Department of Law, University of Bari Aldo Moro)

  • Francesco Porcelli

    (Department of Law, University of Bari Aldo Moro)

  • Riccardo Zagaria

    (Italian National Institute of Social Security)

Abstract

This paper investigates the impact of kindergarten proximity on housing market prices in the eleven major Italian Municipalities over the period 2004-2017. For this purpose, we employ a hedonic property price model. We also differentiate the impact of kindergarten proximity on houses' market price between state and non-state premises. The findings highlight that (i) the level of housing price depends on kindergarten proximity; (ii) some quality school characteristics played a crucial role and (iii) the distinction between public and non-state kindergartens shows that the vicinity of the latter generates a more significant capitalization effect.

Suggested Citation

  • Angela Stefania Bergantino & Antonella Biscione & Annunziata de Felice & Francesco Porcelli & Riccardo Zagaria, 2021. "Kindergarten Proximity and the Housing Market Price in Italy," Working Papers 1012, European Centre of Peace Science, Integration and Cooperation (CESPIC), Catholic University 'Our Lady of Good Counsel'.
    • Handle: RePEc:pea:wpaper:1012
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    File URL: https://repec.unizkm.edu.al/pea/wpaper/WP2021_03_BERGANTINO.pdf
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    References listed on IDEAS

    as
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    3. Clapp, John M. & Nanda, Anupam & Ross, Stephen L., 2008. "Which school attributes matter? The influence of school district performance and demographic composition on property values," Journal of Urban Economics, Elsevier, vol. 63(2), pages 451-466, March.
    4. Fack, Gabrielle & Grenet, Julien, 2010. "When do better schools raise housing prices? Evidence from Paris public and private schools," Journal of Public Economics, Elsevier, vol. 94(1-2), pages 59-77, February.
    5. Downes, Thomas A. & Zabel, Jeffrey E., 2002. "The impact of school characteristics on house prices: Chicago 1987-1991," Journal of Urban Economics, Elsevier, vol. 52(1), pages 1-25, July.
    6. Leonardo Bonilla‐Mejía & Esteban Lopez & Daniel McMillen, 2020. "House prices and school choice: Evidence from Chicago's magnet schools’ proximity lottery," Journal of Regional Science, Wiley Blackwell, vol. 60(1), pages 33-55, January.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    house value; kindergarten; neighborhood; capitalization;
    All these keywords.

    JEL classification:

    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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    This paper has been announced in the following NEP Reports:

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