Educational outcomes and house values: A test of the value added approach

被引：120

作者：

Brasington, D ^{[1
]}

Haurin, DR

机构：

[1] Louisiana State Univ, Dept Econ, Baton Rouge, LA 70803 USA

[2] Ohio State Univ, Dept Econ Finance & Publ Policy, Columbus, OH 43210 USA

来源：

JOURNAL OF REGIONAL SCIENCE | 2006年 / 46卷 / 02期

关键词：

D O I：

10.1111/j.0022-4146.2006.00440.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We use house price hedonics to compare the extent that homeowners value traditional measures of school quality or the "value added" of schooling. Unlike other studies, we use spatial statistics as an identification strategy. Based on our study of 310 school districts and 77,000 house transactions, we find little support for the value added model. Instead, we find that households consistently value a district's average proficiency test scores and expenditures. The elasticity of house prices with respect to school expenditures is 0.49, and an increase in test scores by one standard deviation, ceteris paribus, raises house prices by 7.1 percent.

引用

页码：245 / 268

页数：24

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