| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w13236 |
| 来源ID | Working Paper 13236 |
| A Unified Framework for Measuring Preferences for Schools and Neighborhoods | |
| Patrick Bayer; Fernando Ferreira; Robert McMillan | |
| 发表日期 | 2007-07-08 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | This paper develops a comprehensive framework for estimating household preferences for school and neighborhood attributes in the presence of sorting. It embeds a boundary discontinuity design in a heterogeneous model of residential choice to address the endogeneity of school and neighborhood attributes. The model is estimated using restricted-access Census data from a large metropolitan area, yielding a number of new results. First, households are willing to pay less than one percent more in house prices -- substantially lower than previous estimates -- when the average performance of the local school increases by five percent. Second, much of the apparent willingness to pay for more educated and wealthier neighbors is explained by the correlation of these sociodemographic measures with unobserved neighborhood quality. Third, neighborhood race is not capitalized directly into housing prices; instead, the negative correlation of neighborhood race and housing prices is due entirely to the fact that blacks live in unobservably lower quality neighborhoods. Finally, there is considerable heterogeneity in preferences for schools and neighbors: in particular, we find that households prefer to self-segregate on the basis of both race and education. |
| 主题 | Public Economics ; Public Goods ; Subnational Fiscal Issues ; Regional and Urban Economics ; Real Estate |
| URL | https://www.nber.org/papers/w13236 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/570905 |
| 推荐引用方式 GB/T 7714 | Patrick Bayer,Fernando Ferreira,Robert McMillan. A Unified Framework for Measuring Preferences for Schools and Neighborhoods. 2007. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w13236.pdf（355KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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