Journal
ECONOMIC JOURNAL
Volume 114, Issue 499, Pages F397-F424Publisher
OXFORD UNIV PRESS
DOI: 10.1111/j.1468-0297.2004.00252.x
Keywords
-
Categories
Ask authors/readers for more resources
This paper explores the sources and impact of variations of a given school quality at either primary or secondary level as capitalised into the price of houses. The results provide new evidence on the complex and subtle ways in which housing markets capitalise the value of local public goods such as school quality and Suggest that this is highly nonlinear. We expect variation in the capitalised price according to the elasticity of stipply of 'school quality' in the local market, the certainty with which that quality can be expected to be maintained and the suitability of the dwelling to accommodate children.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available