Journal article
The capitalization of school quality into house values: A review
Journal of housing economics, Vol.20(1), pp.30-48
2011
DOI: 10.1016/j.jhe.2011.02.001
Abstract
► Most studies find significant school quality capitalization especially for educational output. ► Studies with fixed-effects estimations find that house values rise by below 4% for a one-standard deviation increase in student test scores. ► Although major conceptual and estimation challenges remain, much progress has been made on this topic.
This paper provides a comprehensive review of empirical studies on the capitalization of school quality into house values that have appeared since 1999. We explore their methodological innovations and capitalization results. Most studies find significant capitalization especially for educational outputs, although the magnitudes are smaller for studies with fixed-effects estimation strategies. These studies find that house values rise by below 4% for a one-standard deviation increase in student test scores. Although major conceptual and estimation challenges remain, much progress has been made on this topic.
Details
- Title: Subtitle
- The capitalization of school quality into house values: A review
- Creators
- Phuong Nguyen-Hoang - School of Urban and Regional Planning, University of Iowa, 344 Jessup Hall, Iowa City, IA 52242, USAJohn Yinger - Maxwell School of Citizenship and Public Affairs, 426 Eggers Hall, Syracuse University, Syracuse, NY 13244, USA
- Resource Type
- Journal article
- Publication Details
- Journal of housing economics, Vol.20(1), pp.30-48
- Publisher
- Elsevier Inc
- DOI
- 10.1016/j.jhe.2011.02.001
- ISSN
- 1051-1377
- eISSN
- 1096-0791
- Language
- English
- Date published
- 2011
- Academic Unit
- School of Planning and Public Affairs; Public Policy Center (Archive)
- Record Identifier
- 9984083292102771
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