The impact of published school performance results on residential property prices: a comparative study of two UK cities

作者: Joseph G. Nellis , John Glen

DOI: 10.1504/GBER.2011.040730

关键词: School performanceResidential propertyTest (assessment)EconomicsMeasure (data warehouse)Hedonic pricingMarketingPreferenceBiddingSituated

摘要: This paper presents a study which examines the relationship between published school performance results and house prices in two UK cities. It is postulated that schools perform better on most widely recognised measure of become oversubscribed give preference to children living close proximity their school. Parents wishing obtain access such then seek move 'catchment' area for those schools, bidding up areas. We develop hedonic price model relates physical characteristics property, nature local property situated key nearest test this using large dataset find there positive correlation prices.

参考文章(31)
G. E. P. Box, D. R. Cox, An Analysis of Transformations Journal of the Royal Statistical Society: Series B (Methodological). ,vol. 26, pp. 211- 243 ,(1964) , 10.1111/J.2517-6161.1964.TB00553.X
David Brasington, Donald R. Haurin, EDUCATIONAL OUTCOMES AND HOUSE VALUES: A TEST OF THE VALUE ADDED APPROACH* Journal of Regional Science. ,vol. 46, pp. 245- 268 ,(2006) , 10.1111/J.0022-4146.2006.00440.X
David Forrest, John Glen, Robert Ward, THE IMPACT OF A LIGHT RAIL SYSTEM ON THE STRUCTURE OF HOUSE PRICES: A HEDONIC LONGITUDINAL STUDY. Journal of Transport Economics and Policy. ,(1996)
Kathy J. Hayes, Lori L. Taylor, Neighborhood school characteristics: what signals quality to homebuyers? Economic and Financial Policy Review. pp. 2- 9 ,(1996)
Kenneth Y. Chay, Michael Greenstone, Does Air Quality Matter? Evidence from the Housing Market Social Science Research Network. ,(2004) , 10.2139/SSRN.544182
Theodore M. Crone, House prices and the quality of public schools: what are we buying? The Business Review. pp. 3- 14 ,(1998)
S. Gibbons, S. Machin, Valuing school quality, better transport, and lower crime: evidence from house prices Oxford Review of Economic Policy. ,vol. 24, pp. 99- 119 ,(2008) , 10.1093/OXREP/GRN008
A. Quang Do, Robert W. Wilbur, James L. Short, An empirical examination of the externalities of neighborhood churches on housing values Journal of Real Estate Finance and Economics. ,vol. 9, pp. 127- 136 ,(1994) , 10.1007/BF01099971