clear strategy for dealing with the correlation of unobserved neighborhood quality with both school quality and neighborhood … - substantially lower than in prior work - when the average performance of the local school is increased by 5 percent. There is also … evidence of considerable preference heterogeneity. We also show that the full capitalization of school quality into housing …

clear strategy for dealing with the correlation of unobserved neighborhood quality with both school quality and neighborhood … - substantially lower than in prior work - when the average performance of the local school is increased by 5 percent. There is also … evidence of considerable preference heterogeneity. We also show that the full capitalization of school quality into housing …

This paper develops a comprehensive framework for estimating household preferences for school and neighborhood … to address the endogeneity of school and neighborhood attributes. The model is estimated using restricted-access Census … school increases by five percent. Second, much of the apparent willingness to pay for more educated and wealthier neighbors …

This paper develops a comprehensive framework for estimating household preferences for school and neighborhood … to address the endogeneity of school and neighborhood attributes. The model is estimated using restricted-access Census … school increases by five percent. Second, much of the apparent willingness to pay for more educated and wealthier neighbors …