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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/10012787932
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, high school graduation, college …
Persistent link: https://www.econbiz.de/10012946019
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/10013035461
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/10012755363
We provide the first multi-city, constant quality land price index for 35 major markets in China. While there is meaningful heterogeneity in land price growth across cities, on average the last nine years have seen land values skyrocket in many markets, not just those on or near the coast. The...
Persistent link: https://www.econbiz.de/10013100362
This paper uses unique panel data covering over two million repeat-sales housing transactions from four metropolitan areas to test for the presence of racial price differentials in the housing market. Drawing on the strengths of these data, our research design controls carefully for unobserved...
Persistent link: https://www.econbiz.de/10013106667
With the decline of the traditional hukou system, migrants in China have a broad set of cities to choose from. Within an open system of cities, compensating differentials theory predicts that local real estate prices will reflect the marginal valuation of non-market local public goods. More...
Persistent link: https://www.econbiz.de/10013093510
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/10012786276
Urban rail transit investments are expensive and irreversible. Since people differ with respect to their demand for trips, their value of time, and the types of real estate they live in, such projects are likely to offer heterogeneous benefits to residents of a city. Using the opening of a major...
Persistent link: https://www.econbiz.de/10012958589
While prior research has found clear impacts of schools and school quality on property values, little is known about … located in the same school district as the household, housing prices outside Los Angeles Unified School District fall in …
Persistent link: https://www.econbiz.de/10013027255