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Nonlinear Hedonics and the Search for School Quality
| Content Provider | Semantic Scholar |
|---|---|
| Author | Chiodo, Abbigail J. Hernández-Murillo, Rubén Owyang, Michael T. |
| Copyright Year | 2009 |
| Abstract | We reexamine the relationship between school quality and house prices and find it to be nonlinear. Unlike most studies in the literature, we find that the price premium parents must pay to buy a house associated with a better school increases as school quality increases. This is true even after controlling for neighborhood characteristics, such as the racial composition of neighborhoods, which is also capitalized into house prices. In contrast with previous studies that use the boundary discontinuity approach, we find that the price premium from school quality remains substantially large, particulary for neighborhoods associated with high-quality schools. [JEL: C21, I20, R21] |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://files.stlouisfed.org/files/htdocs/wp/2003/2003-039.pdf |
| Language | English |
| Access Restriction | Open |
| Subject Keyword | Baseline (configuration management) Common Variable Immunodeficiency Complement System Proteins Demography Erewhon Estimated Failure Fixed effects model Nonlinear system Reflections of signals on conducting lines School Specification |
| Content Type | Text |
| Resource Type | Article |
