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 …

This paper investigates the dynamics of school quality capitalization during the boom–bust cycle of the housing market … and recovery periods saw a decline in valuation for top schools. Hence, the capitalization of school quality exhibits a …