School Performance, Noncognitive Skills and House Prices

Research output: Working paper

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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 languageEnglish
Place of PublicationGlasgow
PublisherUniversity of Strathclyde
Number of pages45
Publication statusPublished - 30 Mar 2021

Keywords

  • school catchment area
  • housing market
  • school performance
  • cognitive skills
  • noncognitive skills

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