From The SROI Network VOIS Database
(Redirected from Value of the premium that people are prepared to pay to live near a good quality school)
Valuation
Valuation
Premium that people are prepared to pay to live near a good quality school
Description of financial proxy
Context
N/A
Valuation Technique
Revealed preference
Value
Utilising the argument that dwellings near better schools command a price premium, research by Leslie Rosenthal (2000) finds that society would value a general increase of five percentage points in exam performance by about �450 million per annum. If we apply this to the 100,000 pupils that left school without one C at GCSE in 2009, this equates to �450 per pupil. This would need to be adjusted to today's house prices. Whilst this most likely undervalues the value to the individuals themselves, which be captured in future earnings. It is an indication of the willingness of society to pay for better education.
Source
N/A
Relevant Information
Report Source
Country
United Kingdom
