This paper analyzes housing market reactions to the release of previously unpublished information on school quality …. Using the sharp discontinuity in the information environment allows us to study price changes within school catchment areas …, thus controlling for neighborhood unobservables. We find a substantial housing market reaction to publication of school …

education in many countries across the world. In this paper, in line with some recent studies, we value school quality using …' choice to attend high schools to identify the relationship between house prices and school performance. We exploit a change … in school choice policy that took place in Oslo county in 1997, where the school authorities opened up the possibility …

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 …

clear strategy for dealing with the correlation of unobserved neighborhood quality with both school quality and neighborhood … -- substantially lower than in prior work -- when the average performance of the local school is increased by 5 percent. There is also … evidence of considerable preference heterogeneity. We also show that the full capitalization of school quality into housing …