The Effect of School Quality on House Prices: A Meta-Regression Analysis
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The evidence on whether school quality affects house prices is uncertain.
This paper employs meta-regression analysis on 48 studies to understand
what factors influence the discrepancy among analogous studies. We estimate
Fischer's Z transformation, ordered probit, and linear regression
models to incorporate eight different school quality variables. Our results
suggest the Fischer's Z model is less preferred to the ordered probit model
given the entire sample of school quality measures, and to the linear regression
model given a reduced sample of studies with only the primary
school test score measure.
