The Effect of School Quality on House Prices: A Meta-Regression Analysis

The evidence on whether school quality affects house prices is uncertain. This paper employs meta-regression analysis on 48 studies to understand what factors influence the discrepancy among analogous studies. We estimate Fischer0s Z transformation, ordered probit, and linear regression models to incorporate eight different school quality variables. Our results suggest the Fischer0s Z model is less preferred to the ordered probit model given the entire sample of school quality measures, and to the linear regression model given a reduced sample of studies with only the primary school test score measure.