Arbeitspapier
Estimation of Welfare Effects in Hedonic Difference-in-Differences: The Case in School Redistricting
The difference-in-differences (DID) approach that identifies the capitalization of amenities through changes in housing prices has been widely used in the literature of hedonic estimation in the past decade. However, concerns have been raised about how to interpret the estimated capitalization effects as changes in welfare. Following an approach developed by Banzhaf (2021), we estimate the capitalization of school redistricting in a generalized DID framework that incorporates general equilibrium effects. When comparing estimates from our generalized DID model to the conventional DID model, we find significant differences in both the capitalization effects and welfare changes associated with the school redistricting.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 10670
- Klassifikation
-
Wirtschaft
Publicly Provided Goods: General
Education and Research Institutions: General
Urban, Rural, Regional, Real Estate, and Transportation Economics: Household Analysis: General
- Thema
-
difference-in-differences
hedonics
welfare
school quality
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ding, Xiaozhou
Bollinger, Christopher
Clark, Michael
Hoyt, William
Hoyt, William H.
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2023
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Ding, Xiaozhou
- Bollinger, Christopher
- Clark, Michael
- Hoyt, William
- Hoyt, William H.
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2023
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