Coverart for item
The Resource Public school quality valuation over the business cycle, Stuart Gabriel, Owen Hearey, Matthew E. Kahn, Ryan K. Vaughn

Public school quality valuation over the business cycle, Stuart Gabriel, Owen Hearey, Matthew E. Kahn, Ryan K. Vaughn

Label
Public school quality valuation over the business cycle
Title
Public school quality valuation over the business cycle
Statement of responsibility
Stuart Gabriel, Owen Hearey, Matthew E. Kahn, Ryan K. Vaughn
Creator
Contributor
Author
Publisher
Subject
Language
eng
Summary
Over the years 2000 to 2013, the Los Angeles real estate market featured a boom, a bust, and then another boom. We use this variation to test how the hedonic valuation of school quality varies over the business cycle. Following Black (1999), we exploit a regression discontinuity design at elementary school attendance boundaries to test for how the implicit price of school quality changes. We find that the capitalization of school quality is counter-cyclical. While good schools always command a price premium, this premium grows during the bust. Possible mechanisms for these findings include consumers "trading down" from private to public schools during contractions as well as the effects of reduced household mobility during downturns in raising the value of the public school option
Member of
Cataloging source
COO
Illustrations
illustrations
Index
no index present
LC call number
H11
LC item number
.N2434x no. 22668
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
NBER working paper series
Series volume
no. 22668
Label
Public school quality valuation over the business cycle, Stuart Gabriel, Owen Hearey, Matthew E. Kahn, Ryan K. Vaughn
Link
https://doi.org/10.3386/w22668
Instantiates
Publication
Note
"September 2016."
Bibliography note
Includes bibliographical references (pages 16-20)
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Extent
1 online resource (37 pages)
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
c
Note
UCLA Library - CDL shared resource.
Other physical details
illustrations
Specific material designation
remote
System control number
  • (OCoLC)960036364
  • ucoclc960036364
Label
Public school quality valuation over the business cycle, Stuart Gabriel, Owen Hearey, Matthew E. Kahn, Ryan K. Vaughn
Link
https://doi.org/10.3386/w22668
Publication
Note
"September 2016."
Bibliography note
Includes bibliographical references (pages 16-20)
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Extent
1 online resource (37 pages)
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
c
Note
UCLA Library - CDL shared resource.
Other physical details
illustrations
Specific material designation
remote
System control number
  • (OCoLC)960036364
  • ucoclc960036364

Library Locations

  • Charles E. Young Research LibraryBorrow it
    280 Charles E Young Dr N, Los Angeles, CA, 90095-1575, US
    34.0749691 -118.441466
  • Powell LibraryBorrow it
    120S Election Walk, Los Angeles, CA, 90095-1450, US
    34.0716126 -118.4421809
  • Science and Engineering LibraryBorrow it
    8270 Boelter Hall, Los Angeles, CA, 90095-9810, US
    34.068987 -118.442659
  • UCLA LibraryBorrow it
    Los Angeles, CA, US
  • UCLA Library Special CollectionsBorrow it
    A1713 Charles E. Young Research Library, Los Angeles, CA, 90095-1575, US
    34.0749691 -118.441466
Processing Feedback ...