The Lingering Effects of Court-Ordered Busing on School Quality Capitalization

References

• Bayer, P., Ferreira, F., & McMillan, R. (2007). A unified framework for measuring preferences for schools and neighborhoods. Journal of Political Economy, 115(4), 588–638.
   Web of Science ®Google Scholar
• Beracha, E., & Hardin, W. G. III, (2018). The capitalization of school quality into renter and owner housing. Real Estate Economics, 46(1), 85–119.
   Web of Science ®Google Scholar
• Black, S. E. (1999). Do better schools matter? Parental valuation of elementary education. The Quarterly Journal of Economics, 114(2), 577–599.
   Web of Science ®Google Scholar
• Bogin, A., & Nguyen-Hoang, P. (2014). Property left behind: An unintended consequence of a no child left behind “failing” school designation. Journal of Regional Science, 54(5), 788–805.
   Web of Science ®Google Scholar
• Braden, J. B., Feng, X., & Won, D. (2011). Waste sites and property values: A meta-analysis. Environmental and Resource Economics, 50(2), 175–201.
   Web of Science ®Google Scholar
• Brasington, D. M. (2016). House prices and school quality: Instruments, signaling, usage and perceptions. Sociology and Anthropology, 4(7), 583–596.
   Google Scholar
• Brasington, D., & Haurin, D. R. (2006). Educational outcomes and house values: A test of the value added approach. Journal of Regional Science, 46(2), 245–268.
   Web of Science ®Google Scholar
• Brueckner, J. K. (1979). Property values, local public expenditure and economic efficiency. Journal of Public Economics, 11(2), 223–245.
   Web of Science ®Google Scholar
• Brunner, E. J., Murdoch, J., & Thayer, M. (2002). School finance reform and housing values: Evidence from the Los Angeles Metropolitan Area. Public Finance and Management, 2(4), 535–565.
   Google Scholar
• Chiodo, A., Hernández-Murillo, R., & Owyang, M. T. (2010). Nonlinear effects of school quality on house prices. Federal Reserve Bank of St. Review, 92(May/June 2010)
   Google Scholar
• Clapp, J. M., Nanda, A., & Ross, S. L. (2008). Which school attributes matter? The influence of school district performance and demographic composition on property values. Journal of Urban Economics, 63(2), 451–466.
   Web of Science ®Google Scholar
• Clark, D. E., & Herrin, W. E. (2000). The impact of public school attributes on home sale prices in California. Growth and Change, 31(3), 385–407.
   Web of Science ®Google Scholar
• Clauretie, T. M., & Neill, H. R. (2000). Year-round school schedules and residential property values. The Journal of Real Estate Finance and Economics, 20(3), 311–322.
   Web of Science ®Google Scholar
• Crone, T. M. (2006). Capitalization of the quality of local public schools: What do home buyers value? Federal Reserve Bank of Philadelphia, https://ssrn.com/abstract=928452 or http://dx.doi.org/10.2139/ssrn.928452.
   Google Scholar
• Cushing, B. J. (1984). Capitalization of interjurisdictional fiscal differentials: An alternative approach. Journal of Urban Economics, 15(3), 317–326.
   Web of Science ®Google Scholar
• Debrezion, G., Pels, E., & Rietveld, P. (2007). The impact of railway stations on residential and commercial property value: A meta-analysis. The Journal of Real Estate Finance and Economics, 35(2), 161–180.
   Web of Science ®Google Scholar
• Dhar, P., & Ross, S. L. (2012). School district quality and property values: Examining differences along school district boundaries. Journal of Urban Economics, 71(1), 18–25.
   Web of Science ®Google Scholar
• Dougherty, J., Harrelson, J., Maloney, L., Murphy, D., Smith, R., Snow, M., & Zannoni, D. (2009). School choice in suburbia: Test scores, race, and housing markets. American Journal of Education, 115(4), 523–548.
   Web of Science ®Google Scholar
• Downes, T. A., & Zabel, J. E. (2002). The impact of school characteristics on house prices: Chicago 1987–1991. Journal of Urban Economics, 52(1), 1–25.
   Web of Science ®Google Scholar
• Edel, M., & Sclar, E. (1974). Taxes, spending, and property values: Supply adjustment in a Tiebout-Oates Model. Journal of Political Economy, 82(5), 941–954.
   Web of Science ®Google Scholar
• Gurwitz, A. S. (1980). The capitalization of school finance reform. Journal of Education Finance, 5(3), 297–319.
   Google Scholar
• Harrison, D., Jr,., & Rubinfeld, D. L. (1978). Hedonic housing prices and the demand for clean air. Journal of Environmental Economics and Management, 5(1), 81–102.
   Web of Science ®Google Scholar
• Haurin, D. R., & Brasington, D. (1996). School quality and real house prices: Inter-and intrametropolitan effects. Journal of Housing Economics, 5(4), 351–368.
   Web of Science ®Google Scholar
• Hayes, K. J., & Taylor, L. L. (1996). Neighborhood school characteristics: What signals quality to homebuyers? Economic Review-Federal Reserve Bank of Dallas, 2–9.
   Google Scholar
• He, S. Y. (2017). A hierarchical estimation of school quality capitalisation in house prices in Orange County, California. Urban Studies, 54(14), 3337–3359.
   Web of Science ®Google Scholar
• Heinberg, J. D., & Oates, W. E. (1970). The incidence of differential property taxes on urban housing: A comment and some further evidence. National Tax Journal, 23(1), 92–98.
   Web of Science ®Google Scholar
• Horn, K. M. (2015). Can improvements in schools spur neighborhood revitalization? Evidence from building investments. Regional Science and Urban Economics, 52(3), 108–118.
   Google Scholar
• Hyman, D. N., & Pasour, E. C. (1973). Real property taxes, local public services, and residential property values. Southern Economic Journal, 39(4), 601–611.
   Web of Science ®Google Scholar
• Imberman, S. A., & Lovenheim, M. F. (2016). Does the market value value-added? Evidence from housing prices after a public release of school and teacher value-added. Journal of Urban Economics, 91(1), 104–121.
   Google Scholar
• Johnson, M. S., & Lea, M. J. (1982). Differential capitalization of local public service characteristics. Land Economics, 58, 189–203.
   Web of Science ®Google Scholar
• Jud, G. D. (1985). A further note on schools and housing values. Real Estate Economics, 13(4), 452–462.
   Web of Science ®Google Scholar
• Jud, G. D., & Watts, J. M. (1981). Schools and housing values. Land Economics, 57(3), 459–470.
   Web of Science ®Google Scholar
• Kane, T. J., Riegg, S. K., & Staiger, D. O. (2006). School quality, neighborhoods, and housing prices. American Law and Economics Review, 8(2), 183–212.
   Google Scholar
• Kane, T. J., Staiger, D. O., Samms, G., Hill, E. W., & Weimer, D. L. (2003). School accountability ratings and housing values [with comments]. Brookings-Wharton Papers on Urban Affairs, 83–137.
   Google Scholar
• Longstreth, M., Coveney, A. R., & Bowers, J. S. (1984). Conservation characteristics among determinants of residential property value. Journal of Consumer Research, 11(1), 564–571.
   Web of Science ®Google Scholar
• Meadows, G. R. (1976). Taxes, spending, and property values: A comment and further results. Journal of Political Economy, 84(4), 869–880.
   Web of Science ®Google Scholar
• Metz, N. E. (2015). Effect of distance to schooling on home prices. Review of Regional Studies, 45(2), 151–171.
   Web of Science ®Google Scholar
• Nguyen-Hoang, P., & Yinger, J. (2011). The capitalization of school quality into house values: A review. Journal of Housing Economics, 20(1), 30–48.
   Web of Science ®Google Scholar
• Oates, W. E. (1969). The effects of property taxes and local public spending on property values: An empirical study of tax capitalization and the Tiebout hypothesis. Journal of Political Economy, 77(6), 957–971.
   Web of Science ®Google Scholar
• Orr, L. L. (1968). The incidence of differential property taxes on urban housing. National Tax Journal, 21(3), 253–262.
   Web of Science ®Google Scholar
• Pollakowski, H. O. (1973). The effects of property taxes and local public spending on property values: A comment and further results. Journal of Political Economy, 81, 994–1003.
   Web of Science ®Google Scholar
• Reber, S. J. (2005). Court-ordered desegregation successes and failures integrating American Schools since Brown versus Board of Education. Journal of Human Resources, 40(3), 559–590.
   Web of Science ®Google Scholar
• Rosen, H. S., & Fullerton, D. J. (1977). A note on local tax rates, public benefit levels, and property values. Journal of Political Economy, 85(2), 433–440.
   Web of Science ®Google Scholar
• Schipper, Y., Nijkamp, P., & Rietveld, P. (1998). Why do aircraft noise value estimates differ? A meta-analysis. Journal of Air Transport Management, 4(2), 117–124.
   Google Scholar
• Schnare, A. B., & Struyk, R. J. (1976). Segmentation in urban housing markets. Journal of Urban Economics, 3(2), 146–166.
   Web of Science ®Google Scholar
• Sedgley, N. H., Williams, N. A., & Derrick, F. W. (2008). The effect of educational test scores on house prices in a model with spatial dependence. Journal of Housing Economics, 17(2), 191–200.
   Web of Science ®Google Scholar
• Seo, Y., & Simons, R. (2009). The effect of school quality on residential sales price. Journal of Real Estate Research, 31(3), 307–327.
   Web of Science ®Google Scholar
• Sirmans, G. S., MacDonald, L., & Macpherson, D. (2010). A meta-analysis of selling price and time-on-the-market. Journal of Housing Research, 19(2), 139–152.
   Google Scholar
• Smith, V. K., & Huang, J. C. (1996). Can markets value air quality? A meta-analysis of hedonic property value models. Journal of Political Economy, 103(1), 209–227.
   Web of Science ®Google Scholar
• Tra, C. I., Lukemeyer, A., & Neill, H. (2013). Evaluating the welfare effects of school quality improvements: A residential sorting approach. Journal of Regional Science, 53(4), 607–630.
   Web of Science ®Google Scholar
• Turnbull, G. K., & Zheng, M. (2021). A meta-analysis of school quality capitalization in US house prices. Real Estate Economics, 49(4), 1120–1171. https://doi.org/10.1111/1540-6229.12300.
   Web of Science ®Google Scholar
• Turnbull, G. K., & Zheng, M. (2022). Desegregation litigation and school quality capitalization. Journal of Real Estate Finance and Economics, 64(2), 210–227. https://doi.org/10.1007/s11146-020-09809-x
   Web of Science ®Google Scholar
• Turnbull, G. K., Zahirovic-Herbert, V., & Zheng, M. (2018). Uncertain school quality and house prices: Theory and empirical evidence. The Journal of Real Estate Finance and Economics, 57(2), 167–191.
   Web of Science ®Google Scholar
• Walden, M. (1990). Magnet schools and the differential impact of school quality on residential property values. Journal of Real Estate Research, 5(2), 221–230.
   Google Scholar
• Weimer, D. L., & Wolkoff, M. J. (2001). School performance and housing values: Using non-contiguous district and incorporation boundaries to identify school effects. National Tax Journal, 54(2), 231–253.
   Web of Science ®Google Scholar
• Welch, F., & Light, A. (1987). New evidence on school desegregation (Vol. 92). Unicon Research Corporation.
   Google Scholar
• Yinger, J. (2015). Hedonic markets and sorting equilibria: Bid-function envelopes for public services and neighborhood amenities. Journal of Urban Economics, 86, 9–25.
   Web of Science ®Google Scholar
• Zahirovic-Herbert, V., & Turnbull, G. K. (2008). School quality, house prices and liquidity. The Journal of Real Estate Finance and Economics, 37(2), 113–130.
   Web of Science ®Google Scholar
• Zahirovic-Herbert, V., & Turnbull, G. K. (2009). Public school reform, expectations, and capitalization: What signals quality to homebuyers? Southern Economic Journal, 75(4), 1094–1113.
   Web of Science ®Google Scholar
• Zheng, M. (2016). Three essays on asset pricing in security and housing markets. University of Central Florida.
   Google Scholar