Observable measures of public school quality provide noisy signals of underlying quality to parents. Accordingly, this … paper examines the house price effects of school quality and quality uncertainty. Residential bid rent theory under this … type of uncertainty shows that greater school quality increases housing prices and steepens the gradient whereas quality …

public school quality. In order to estimate the supply of public school quality, the price of a unit of public schooling must … be found. Invoking the theory of implicit markets, the price of a unit of public school quality is derived from a series … of housing market hedonic estimations, in which house price is regressed as a function of school quality. The implicit …

public school quality. In order to estimate the supply of public school quality, the price of a unit of public schooling must … be found. Invoking the theory of implicit markets, the price of a unit of public school quality is derived from a series … of housing market hedonic estimations, in which house price is regressed as a function of school quality. The implicit …

prices has been widely used in the literature of hedonic estimation in the past decade. However, concerns have been raised … Banzhaf (2021), we estimate the capitalization of school redistricting in a generalized DID framework that incorporates … significant differences in both the capitalization effects and welfare changes associated with the school redistricting. …

The great majority of studies on the effect of school quality on academic outcomes do not take account of changes in … student choices concerning effort if school quality, e.g. class size, changes. We show that empirical estimates of the "total …" effect of changes in school quality could be quite different from the "partial" effect holding other inputs (including …

end of secondary school. We provide empirical evidence of self-productivity of skills and of complementarity between … secondary school inputs and skills at the end of primary school. Our inference relies on idiosyncratic variation in school … expenditure and child fixed effect estimation that controls for the endogeneity of past skills. The persistence in cognitive …

end of secondary school. We provide empirical evidence of selfproductivity of skills and of complementarity between … secondary school inputs and skills at the end of primary school. Our inference relies on idiosyncratic variation in school … expenditure and child fixed effect estimation that controls for the endogeneity of past skills. The persistence in cognitive …