A Further Note on Schools and Housing Values
基于洛杉矶和旧金山地区数据，研究发现学生阅读成绩（衡量公立学校质量）对社区住房价值有显著正向影响，且独立于种族构成和社会经济背景。
This paper provides further evidence on the relationship between public schools and housing values. Drawing on data from the Los Angeles and San Francisco areas, the paper presents estimates of an Oates‐type model of community housing values. Included in the model are measures of both student achievement and racial composition. The quality of public schooling, as measured by reading achievement, is found to be a strong, statistically significant determinant of community housing values, independent of student racial mix or socioeconomic background. Estimates of the model suggest that changes in achievement scores have substantial impacts on community housing values.