by boundaries. Here, we use changes in school boundaries and the opening of a new school to identify this capitalization …

boundaries. We use changes in school boundaries and the proposal of a new school. Our findings from redistricting in the Fayette … county school district (KY) show that prices for homes redistricted from a lower-performing (based on test scores) school … into the proposed school catchment area increase by six percent. For houses in higher-performing school catchment areas …

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 …

mixed index model, the traditional hedonic overstates the importance of lot size and school quality to house price and …