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Education in Denmark is freely available. Despite near equal teacher salaries and per-pupil school expenditure across … districts, there is substantial spatial heterogeneity in school quality as measured by teacher quality and student test scores … for identifying parental valuation of measured school quality in the presence of strong neighborhood sorting. There is …
Persistent link: https://www.econbiz.de/10014322759
evaluative measures of school quality available to the general public. The most recent trends in state policies under … letter grades to rate school quality. Because school quality is one of a group of local public goods purchased along with a … house, one would anticipate that additional information about school quality would capitalize into real estate values. This …
Persistent link: https://www.econbiz.de/10012470712
School choice may lead to improvements in school productivity if parents' choices reward effective schools and punish … City's centralized high school assignment mechanism. We use applicants' rank-ordered choice lists to measure preferences … and to construct selection-corrected estimates of treatment effects on test scores and high school graduation. We also …
Persistent link: https://www.econbiz.de/10012453802
Value-added data are an increasingly common evaluation tool for schools and teachers. Many school districts have … analysis is the first in the school valuation literature to examine property value responses to a value-added information shock …, which is of interest as this measure is less correlated with demographics than typical school quality measures. Unique to …
Persistent link: https://www.econbiz.de/10012459505
This paper develops a comprehensive framework for estimating household preferences for school and neighborhood … to address the endogeneity of school and neighborhood attributes. The model is estimated using restricted-access Census … school increases by five percent. Second, much of the apparent willingness to pay for more educated and wealthier neighbors …
Persistent link: https://www.econbiz.de/10012465417
During the past fifteen years, more than 30% of US coal plants have had at least one coal-fired generator close. We utilize this natural experiment to estimate the effect of coal plant exposure on mortality and house values. Using a difference-in-differences design, we find that, despite the...
Persistent link: https://www.econbiz.de/10013477294
This paper analyses how the properties of locational equilibrium models can be used to evaluate approaches for constructing price indexes for heterogeneous houses. Housing markets play a key role in locational equilibrium models. Prices for houses determine that implicit costs that households...
Persistent link: https://www.econbiz.de/10012470802
We begin with a description of three house price panel data sets for the period 1982 to 1991. Next, we estimate a model that assumes the three sources are derived from an underlying unobserved price series, and we construct composite indexes that report house prices for 135 locations. These...
Persistent link: https://www.econbiz.de/10012475051
We provide the first evidence that spatial variation in all-cause mortality risk is capitalized into US housing prices. Using a hedonic framework, we recover the annual implicit cost of a 0.1 percentage-point reduction in mortality risk among older Americans and find that this figure is both...
Persistent link: https://www.econbiz.de/10012794649
We propose a new strategy for a pervasive problem in the hedonics literature--recovering hedonic prices in the presence of time-varying correlated unobservables. Our approach relies on an assumption about homebuyer rationality, under which prior sales prices can be used to control for...
Persistent link: https://www.econbiz.de/10012462927