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What's in a Grade? School Report Cards and the Housing Market

What's in a Grade? School Report Cards and the Housing Market Abstract This paper investigates whether the housing market responds to the information incorporated in state-administered school grades. We study whether school grades affect families' residential locations and house prices. Using detailed data on repeated sales of individual residential properties in the state of Florida, we find evidence that there is an independent effect of these grades on house prices and residential location, above and beyond the estimated effects of test scores and the other components of the school grades. Because these grades have a large stochastic component, however, we find that over time the estimated effects of the grades has diminished. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png American Economic Review American Economic Association

What's in a Grade? School Report Cards and the Housing Market

American Economic Review , Volume 94 (3) – Jun 1, 2004

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References (18)

Publisher
American Economic Association
Copyright
Copyright © 2004 by the American Economic Association
Subject
Articles
ISSN
0002-8282
DOI
10.1257/0002828041464489
Publisher site
See Article on Publisher Site

Abstract

Abstract This paper investigates whether the housing market responds to the information incorporated in state-administered school grades. We study whether school grades affect families' residential locations and house prices. Using detailed data on repeated sales of individual residential properties in the state of Florida, we find evidence that there is an independent effect of these grades on house prices and residential location, above and beyond the estimated effects of test scores and the other components of the school grades. Because these grades have a large stochastic component, however, we find that over time the estimated effects of the grades has diminished.

Journal

American Economic ReviewAmerican Economic Association

Published: Jun 1, 2004

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