Abstract
This paper examines parental preference for secondary schools using data from property transactions that occurred between 2015 and 2018 in Scotland, as well as a rich panel of school characteristics. By exploiting discontinuity in attendance across catchment area boundaries, I provide credibly consistent estimates of house price premiums for an array of school characteristics. In particular, whilst I show that house prices do not respond to school value added, school-average performance is well capitalised. I demonstrate that neither of these effects are driven by differences in neighbourhood amenities nor by the presence of private schools. Moreover, I show that in this specific context school “quality” is not multidimensional.
| Original language | English |
|---|---|
| Place of Publication | Glasgow |
| Publisher | University of Strathclyde |
| Number of pages | 45 |
| Publication status | Published - 30 Mar 2021 |
Keywords
- school catchment area
- housing market
- school performance
- cognitive skills
- noncognitive skills