Paying for Primary Schools : Admission Constraints , School Popularity or Congestion ?

@inproceedings{Gibbons2005PayingFP,
  title={Paying for Primary Schools : Admission Constraints , School Popularity or Congestion ?},
  author={Stephen C. Gibbons and Stephen Machin},
  year={2005}
}
School quality is capitalised in house prices if access to schools is rationed by residential location. We generate empirical predictions from three different theoretical approaches linking house prices to school performance, distance to school and capacity. These are respectively based upon admission constraints, school popularity and congestion effects. We find that test score based school performance significantly increases property prices, but only the best one in ten schools generate… CONTINUE READING
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