The price of secondary school quality: a hedonic approach

Abstract

The aim of this article is to calculate the market valuation of quality characteristics and locational attributes of private secondary school in Spain. In order to achieve this, a hedonic price regression is estimated. The quality characteristics of a school appear to be important determinants of tuition in Spain.

Keywords:

• secondary education
• quality
• tuition fees
• hedonic prices

JEL Classification:

• I22
• C21

Acknowledgement

We gratefully acknowledge financial support from the Spanish Ministry of Education, Project ECO2011-26499 and the University of Oviedo, Project UNOV-11-MA-11.

Notes

¹ For detailed information, consult the following pages: http://aula2.elmundo.es/aula/especiales/2006/100colegios/criterios.html; http://aula2.elmundo.es/aula/especiales/2007/100colegios/index.html; http://www.elmundo.es/especiales/2008/03/aula/100colegios/index.html.

² If you wish to obtain details on education systems in Europe, you can consult the EURYBASE database (http://www.eurydice.org), the Cedefop database (http://www.cedefop.europa.eu/EN) and the website of the European Training foundation (http://www.etf.europa.eu/).