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dc.contributor.authorFiva, Jon Hernes
dc.contributor.authorKirkebøen, Lars Johannessen
dc.date.accessioned2011-11-05T16:46:07Z
dc.date.available2011-11-05T16:46:07Z
dc.date.issued2008
dc.identifier.issn1892-753x
dc.identifier.urihttp://hdl.handle.net/11250/180223
dc.description.abstractAbstract: This paper analyzes housing market reactions to the release of previously unpublished information on school quality. Using the sharp discontinuity in the information environment allows us to study price changes within school catchment areas, thus controlling for neighborhood unobservables. We find a substantial housing market reaction to publication of school quality indicators, suggesting that households care about school quality, and may be willing to pay for better schools. The publication effect is robust to a number of sensitivity checks, but does not seem to be permanent as prices revert to prepublication levels after two to three months. We discuss this reversion in relation to the literature on behavioral finance and the concept of limited attention. Keywords: valuation of school quality, hedonic methods, price reversion JEL classification: I21, I28, R21, R23no_NO
dc.description.sponsorshipFunding for this research was generously provided by the Norwegian Research Council, grant no. 158102-S20 (Kirkebøen).no_NO
dc.language.isoengno_NO
dc.publisherStatistics Norway, Research Departmentno_NO
dc.relation.ispartofseriesDiscussion Papers;No. 541
dc.subjectHousing marketno_NO
dc.subjectHouse pricesno_NO
dc.subjectSchool qualityno_NO
dc.subjectBoligmarkedno_NO
dc.subjectBoligpriserno_NO
dc.subjectSkolerno_NO
dc.subjectJEL classification: I21no_NO
dc.subjectJEL classification: I28no_NO
dc.subjectJEL classification: R21no_NO
dc.subjectJEL classification: R23no_NO
dc.titleDoes the housing market react to new information on school quality?no_NO
dc.typeWorking paperno_NO
dc.subject.nsiVDP::Social science: 200::Economics: 210::Economics: 212no_NO
dc.source.pagenumber29 s.no_NO


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