The Capitalization of School Quality into House Values: A Review
By Phuong Nguyen‐Hoang, John Yinger. Poverty and Proficiency, 2011
197 citations recorded by the source corpus.
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.
Subfields: Economics and Econometrics, Sociology and Political Science, Urban Studies
View Paper: https://www.semanticscholar.org/paper/560157e5ecc8d9eda6f74250cc7bc07d3a47a254
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Citations in the corpus
- When Do Renters Behave Like Homeowners? High Rent, Price Anxiety, and NIMBYism (2018, background): “Likewise, the politics of the suburbs largely revolve around the protection of home values, with even the contentious politics of school quality reflected in housing prices (Fischel, 2001; Nguyen-Hoang and Yinger, 2011).”