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 …

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. …

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 …