an article by Stephen Machin (University College London and Centre for Economic Performance, London School of Economics) published in Labour Economics Volume 18 Issue 6 (December 2011)
Abstract
This paper offers a critical appraisal of the now sizable empirical literature that values school quality and performance through housing valuations. This literature consistently finds housing valuations to be significantly higher in places where measured school quality is higher, implying a strong parental willingness to pay to get their children educated in better performing schools. This conclusion emerges from studies undertaken in a number of countries, using a variety of identification strategies, and at different parts of the education sequence that children follow.
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