Paying for good neighbours : estimating the value of an implied educated community

Auteur :
GIBBONS, S.

Description :
To verify the existence of intracommunity spillovers, the paper shows that home-owners in England and Wales are prepared to pay a substantial permium to avoid educationally poor neighbourhoods. One interpretation of this educational elasticity is that it estimates the social benefits of education in the local community. A hedonic approach is used, paying careful attention to the endogeneity of neighbourhood characteristics in a property price model.


Type de document :
Article de périodique

Source :
Urban studies (Harlow), issn : 0042-0980, 2003, vol. 40, n°. 4, p. 809-833, nombre de pages : 25, Collation : Illustration, Références bibliographiques : 40 ref.

Date :
2003

Editeur :
Pays édition : Royaume-Uni, Harlow, Longman Group