EVALUATING THE WELFARE EFFECTS OF SCHOOL QUALITY IMPROVEMENTS: A RESIDENTIAL SORTING APPROACH
研究评估2006-2011年拉斯维加斯学校质量提升对房主的福利影响，使用居住分选模型估计家庭偏好，发现福利收益显著但低于特征价格模型的估计。
ABSTRACT Las Vegas experienced improvements in math and reading performance between 2006 and 2011. This study evaluates the benefits of these nonmarginal improvements to Las Vegas area homeowners, using a residential sorting model. We estimate households’ preferences for multiple characteristics including the proportion of proficient students in their assigned elementary school. The estimation accounts for the endogeneity of school quality using school boundary fixed effects. The welfare estimates suggest that the school quality improvements provided substantial benefits to the area's households. We find that benefit measures derived from a hedonic price model are substantially larger than our sorting model benefit measures.