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Valuing English primary schools

By Stephen Gibbons and Stephen Machin

Abstract

This paper provides the first empirical evidence for the UK on the effect of primary school performance on property prices. We find that, on average, a one percentage point increase in the neighbourhood proportion of children reaching the government-specified target grade pushes up neighbourhood property prices by 0.67%. At 2000 property prices, we calculate the social valuation of a sustained 1% improvement in primary school performance to be up to £90 per child per year. Our instrumental variable and semi-parametric approach avoids the problems of school quality endogeneity and omitted neighbourhood variables that occur in typical property value models

Topics: GN Anthropology, L Education (General)
Publisher: Elsevier
Year: 2003
DOI identifier: 10.1016/S0094-1190(02)00516-8
OAI identifier: oai:eprints.lse.ac.uk:2938
Provided by: LSE Research Online
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