Title: The Demand for Local Public Goods: The Case of Public School Quality
Abstract: The demand for public school quality is estimated. Unlike previous studies, the price of a unit of public school quality in the demand estimation is measured by both the tax price and the implicit price calculated from a house price hedonic. Identification, endogeneity, and Tiebout bias are addressed. The tax price elasticity of the demand for public schooling is -.17; the implicit price elasticity of demand is -.11. Both estimates are more inelastic than previously reported elasticities. The income elasticity of demand is .32. The positive relationship between constant-quality house price and public school quality is confirmed.
Publication Year: 2002
Publication Date: 2002-05-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 49
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