Title

Capitalization of local public services into house values

Date of Award

1998

Degree Type

Dissertation

Degree Name

Doctor of Philosophy (PhD)

Department

Economics

Advisor(s)

John Yinger

Keywords

Capitalization, Public services, House values

Subject Categories

Economics

Abstract

This study tries to measure the effect of local public service quality on house values. Many other studies have attempted to measure this effect, but did not pay a careful attention to the choice of public service. This study estimates a public service index out of an educational cost model. It then uses the index in an hedonic equation to estimate capitalization. This study also uses the index to estimate the demand for education.

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