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Communities differ in both the bundle of amenities offered to residents and the implicit price of these amenities. Thus, households are faced with a choice of which bundle to select when they select their residence. This choice implies households make tradeoffs among the amenities; that is, the...
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School choice programs–school vouchers, open enrollment, tuition tax credits and charter schools–reduce the cost of sending children to a school different than their assignment. Previous literature shows support for school choice is weaker in objectively high-performing school districts. We...
Persistent link: https://www.econbiz.de/10010594178
The demand for public school quality is estimated. Unlike previous studies, the price of a unit of public school quality in the demand estimation is measured by both the tax price and the implicit price calculated from a house price hedonic. Identification, endogeneity, and Tiebout bias are...
Persistent link: https://www.econbiz.de/10010552763
Households pay a premium to live in houses assigned to high quality public schools, and the housing market yields information about the demand for public school quality. The current study estimates a two-stage house price hedonic emphasizing the role that private schools play in the willingness...
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In this paper I investigate the role of private schools in the housing market and in the supply and demand for public schooling. I estimate public school-quality supply simultaneously with demand, which provides greater confidence in calculated demand elasticities than in single-equation...
Persistent link: https://www.econbiz.de/10005294261
Previous research has established that people bid more for houses in high-performing school districts. But what is it about school outcomes that drive house prices: the parents, the peers, or the school inputs? We study the extent that house values are affected by each of the components of an...
Persistent link: https://www.econbiz.de/10004972765
We first estimate the relationship between house prices and environmental disamenities using spatial statistics, confirming that nearby point-source pollutants depress house price. We then calculate implicit prices of environmental quality and related characteristics from the house price...
Persistent link: https://www.econbiz.de/10005800488