Does the Market Value Value-Added? Evidence from Housing Prices after a Public Release of School and Teacher Value-Added. Working Paper #47

Autor/inn/en	Imberman, Scott; Lovenheim, Michael F.
Institution	Michigan State University, Education Policy Center
Titel	Does the Market Value Value-Added? Evidence from Housing Prices after a Public Release of School and Teacher Value-Added. Working Paper #47
Quelle	(2015), (61 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Value Added Models; Housing; Teacher Influence; Evaluation Methods; Measurement Techniques; Costs; Zoning; Geographic Location; Information Dissemination; Census Figures; Records (Forms); Demography; School Districts; Educational Quality; Computation; Standardized Tests; Scores; Socioeconomic Status; Racial Differences; Ethnic Groups; Statistical Analysis; California (Los Angeles) + Suchen Sie Ihr Suchwort? Unterkunft; Messtechnik; Cost; Kosten; Raumordnung; Informationsverbreitung; Volkszählung; Formularsammlung; Demografie; School district; Schulbezirk; Quality of education; Bildungsqualität; Standadised tests; Standardisierter Test; Socio-economic status; Sozioökonomischer Status; Rassenunterschied; Ethnie; Statistische Analyse
Abstract	Value-added data have become an increasingly common evaluation tool for schools and teachers. Many school districts have begun to adopt these methods and have released results publicly. In this paper, we use the unique public release of value-added data in Los Angeles to identify how this measure of school quality is capitalized into housing prices. Via difference-in-differences, we find no evidence of a response to either school or teacher value-added rank, even though school-zone boundary fixed-effects estimates indicate that test score levels are capitalized into home prices. Given ample evidence that this information was new to residents, widely dispersed, and easily available, our results suggest that people did not significantly value it on the margin. This has implications for the effectiveness of providing value-added information as a tool to help parents choose schools. Supplemental tables and a figure are appended. (As Provided).
Anmerkungen	Education Policy Center. Michigan State University, 201 Erickson Hall, East Lansing, MI 48824-1034. Tel: 517-355-4494; Fax: 517-432-6202; e-mail: EPC@msu.edu; Web site: http://education.msu.edu/epc
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01