School Performance, Noncognitive Skills and House Prices

Rossi, Gennaro (2021) School Performance, Noncognitive Skills and House Prices. Working paper. University of Strathclyde, Glasgow.

[thumbnail of Rossi-2021-School-performance,-noncognitive-skills-and-house-prices.pdf]
Text (Rossi-2021-School-performance,-noncognitive-skills-and-house-prices.pdf)
Final Published Version

Download (3MB)| Preview


    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.