{
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  "title": "Nonlinear Effects of School Quality on House Prices",
  "year": 2003,
  "doi": "10.20955/r.92.185-204",
  "country": "United States",
  "region_city": "St. Louis, Missouri metropolitan area (St. Louis County for boundary sample)",
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  "sample_end": 2001,
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  "document_type": "working_paper",
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  "notes": "Federal Reserve Bank of St. Louis WP 2003-039E (rev. Sept 2009), published in FRB St. Louis Review 92 (2010) 185-204. Prices deflated to 1998 dollars by the OFHEO repeat-sales index. Test score = school-level 4th-grade Math MAP index expressed in standard deviations from the mean. t-statistics in parentheses; star legend * 10%, ** 5%, *** 1%. Robust SEs clustered at the school level (p.9). Table 7 implied premia and Tables 4/6 Wald tests not extracted."
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   "x_unit": "years",
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   "notes": ""
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   "x_unit": "count",
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   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c3",
   "var_name_printed": "house age sq",
   "taxonomy_id": "age",
   "x_transform": "squared",
   "x_unit": "years squared",
   "beta": 4e-05,
   "se": null,
   "t": 2.92,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c4",
   "var_name_printed": "house age sq",
   "taxonomy_id": "age",
   "x_transform": "squared",
   "x_unit": "years squared",
   "beta": 4e-05,
   "se": null,
   "t": 3.15,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c5",
   "var_name_printed": "house age sq",
   "taxonomy_id": "age",
   "x_transform": "squared",
   "x_unit": "years squared",
   "beta": 4e-05,
   "se": null,
   "t": 3.16,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c6",
   "var_name_printed": "house age sq",
   "taxonomy_id": "age",
   "x_transform": "squared",
   "x_unit": "years squared",
   "beta": 4e-05,
   "se": null,
   "t": 3.17,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c1",
   "var_name_printed": "house lotarea",
   "taxonomy_id": "lot_size",
   "x_transform": "level",
   "x_unit": "1000 sqft",
   "beta": 0.00089,
   "se": null,
   "t": 2.41,
   "p": null,
   "p_stars": "**",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": "Lot area in thousands of square feet (Table 1)"
  },
  {
   "model_id": "T5-c2",
   "var_name_printed": "house lotarea",
   "taxonomy_id": "lot_size",
   "x_transform": "level",
   "x_unit": "1000 sqft",
   "beta": 0.00089,
   "se": null,
   "t": 2.41,
   "p": null,
   "p_stars": "**",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": "Lot area in thousands of square feet (Table 1)"
  },
  {
   "model_id": "T5-c3",
   "var_name_printed": "house lotarea",
   "taxonomy_id": "lot_size",
   "x_transform": "level",
   "x_unit": "1000 sqft",
   "beta": 0.00089,
   "se": null,
   "t": 2.41,
   "p": null,
   "p_stars": "**",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": "Lot area in thousands of square feet (Table 1)"
  },
  {
   "model_id": "T5-c4",
   "var_name_printed": "house lotarea",
   "taxonomy_id": "lot_size",
   "x_transform": "level",
   "x_unit": "1000 sqft",
   "beta": 0.00088,
   "se": null,
   "t": 2.39,
   "p": null,
   "p_stars": "**",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": "Lot area in thousands of square feet (Table 1)"
  },
  {
   "model_id": "T5-c5",
   "var_name_printed": "house lotarea",
   "taxonomy_id": "lot_size",
   "x_transform": "level",
   "x_unit": "1000 sqft",
   "beta": 0.00088,
   "se": null,
   "t": 2.4,
   "p": null,
   "p_stars": "**",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": "Lot area in thousands of square feet (Table 1)"
  },
  {
   "model_id": "T5-c6",
   "var_name_printed": "house lotarea",
   "taxonomy_id": "lot_size",
   "x_transform": "level",
   "x_unit": "1000 sqft",
   "beta": 0.00088,
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   "p": null,
   "p_stars": "**",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": "Lot area in thousands of square feet (Table 1)"
  },
  {
   "model_id": "T5-c1",
   "var_name_printed": "house livingarea",
   "taxonomy_id": "living_area",
   "x_transform": "level",
   "x_unit": "1000 sqft",
   "beta": 0.35315,
   "se": null,
   "t": 15.43,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": "Internal living area in thousands of square feet (Table 1)"
  },
  {
   "model_id": "T5-c2",
   "var_name_printed": "house livingarea",
   "taxonomy_id": "living_area",
   "x_transform": "level",
   "x_unit": "1000 sqft",
   "beta": 0.35228,
   "se": null,
   "t": 15.29,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": "Internal living area in thousands of square feet (Table 1)"
  },
  {
   "model_id": "T5-c3",
   "var_name_printed": "house livingarea",
   "taxonomy_id": "living_area",
   "x_transform": "level",
   "x_unit": "1000 sqft",
   "beta": 0.35236,
   "se": null,
   "t": 15.29,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": "Internal living area in thousands of square feet (Table 1)"
  },
  {
   "model_id": "T5-c4",
   "var_name_printed": "house livingarea",
   "taxonomy_id": "living_area",
   "x_transform": "level",
   "x_unit": "1000 sqft",
   "beta": 0.34332,
   "se": null,
   "t": 15.52,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": "Internal living area in thousands of square feet (Table 1)"
  },
  {
   "model_id": "T5-c5",
   "var_name_printed": "house livingarea",
   "taxonomy_id": "living_area",
   "x_transform": "level",
   "x_unit": "1000 sqft",
   "beta": 0.34297,
   "se": null,
   "t": 15.49,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": "Internal living area in thousands of square feet (Table 1)"
  },
  {
   "model_id": "T5-c6",
   "var_name_printed": "house livingarea",
   "taxonomy_id": "living_area",
   "x_transform": "level",
   "x_unit": "1000 sqft",
   "beta": 0.34301,
   "se": null,
   "t": 15.49,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": "Internal living area in thousands of square feet (Table 1)"
  },
  {
   "model_id": "T5-c1",
   "var_name_printed": "house stories",
   "taxonomy_id": "storeys",
   "x_transform": "level",
   "x_unit": "count",
   "beta": 0.27574,
   "se": null,
   "t": 9.3,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c2",
   "var_name_printed": "house stories",
   "taxonomy_id": "storeys",
   "x_transform": "level",
   "x_unit": "count",
   "beta": 0.27559,
   "se": null,
   "t": 9.3,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c3",
   "var_name_printed": "house stories",
   "taxonomy_id": "storeys",
   "x_transform": "level",
   "x_unit": "count",
   "beta": 0.27558,
   "se": null,
   "t": 9.31,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c4",
   "var_name_printed": "house stories",
   "taxonomy_id": "storeys",
   "x_transform": "level",
   "x_unit": "count",
   "beta": 0.26621,
   "se": null,
   "t": 9.55,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c5",
   "var_name_printed": "house stories",
   "taxonomy_id": "storeys",
   "x_transform": "level",
   "x_unit": "count",
   "beta": 0.26625,
   "se": null,
   "t": 9.57,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c6",
   "var_name_printed": "house stories",
   "taxonomy_id": "storeys",
   "x_transform": "level",
   "x_unit": "count",
   "beta": 0.26626,
   "se": null,
   "t": 9.57,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c1",
   "var_name_printed": "house rooms",
   "taxonomy_id": "other",
   "x_transform": "level",
   "x_unit": "count",
   "beta": 0.05974,
   "se": null,
   "t": 7.38,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": "Total number of rooms (bedrooms entered separately)"
  },
  {
   "model_id": "T5-c2",
   "var_name_printed": "house rooms",
   "taxonomy_id": "other",
   "x_transform": "level",
   "x_unit": "count",
   "beta": 0.05952,
   "se": null,
   "t": 7.33,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": "Total number of rooms (bedrooms entered separately)"
  },
  {
   "model_id": "T5-c3",
   "var_name_printed": "house rooms",
   "taxonomy_id": "other",
   "x_transform": "level",
   "x_unit": "count",
   "beta": 0.05945,
   "se": null,
   "t": 7.31,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": "Total number of rooms (bedrooms entered separately)"
  },
  {
   "model_id": "T5-c4",
   "var_name_printed": "house rooms",
   "taxonomy_id": "other",
   "x_transform": "level",
   "x_unit": "count",
   "beta": 0.05902,
   "se": null,
   "t": 7.43,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": "Total number of rooms (bedrooms entered separately)"
  },
  {
   "model_id": "T5-c5",
   "var_name_printed": "house rooms",
   "taxonomy_id": "other",
   "x_transform": "level",
   "x_unit": "count",
   "beta": 0.05893,
   "se": null,
   "t": 7.4,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": "Total number of rooms (bedrooms entered separately)"
  },
  {
   "model_id": "T5-c6",
   "var_name_printed": "house rooms",
   "taxonomy_id": "other",
   "x_transform": "level",
   "x_unit": "count",
   "beta": 0.05891,
   "se": null,
   "t": 7.39,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": "Total number of rooms (bedrooms entered separately)"
  },
  {
   "model_id": "T5-c4",
   "var_name_printed": "cenbl fem",
   "taxonomy_id": "demographics",
   "x_transform": "level",
   "x_unit": "percent (share of female population, census block)",
   "beta": -0.00044,
   "se": null,
   "t": -0.66,
   "p": null,
   "p_stars": "",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c5",
   "var_name_printed": "cenbl fem",
   "taxonomy_id": "demographics",
   "x_transform": "level",
   "x_unit": "percent (share of female population, census block)",
   "beta": -0.00039,
   "se": null,
   "t": -0.59,
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   "p_stars": "",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c6",
   "var_name_printed": "cenbl fem",
   "taxonomy_id": "demographics",
   "x_transform": "level",
   "x_unit": "percent (share of female population, census block)",
   "beta": -0.00039,
   "se": null,
   "t": -0.59,
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   "p_stars": "",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c4",
   "var_name_printed": "cenbl nonwhite",
   "taxonomy_id": "demographics",
   "x_transform": "level",
   "x_unit": "percent (share of nonwhite population, census block)",
   "beta": -0.00219,
   "se": null,
   "t": -3.5,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c5",
   "var_name_printed": "cenbl nonwhite",
   "taxonomy_id": "demographics",
   "x_transform": "level",
   "x_unit": "percent (share of nonwhite population, census block)",
   "beta": -0.00223,
   "se": null,
   "t": -3.56,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c6",
   "var_name_printed": "cenbl nonwhite",
   "taxonomy_id": "demographics",
   "x_transform": "level",
   "x_unit": "percent (share of nonwhite population, census block)",
   "beta": -0.00222,
   "se": null,
   "t": -3.55,
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   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c4",
   "var_name_printed": "cenbl p5 14",
   "taxonomy_id": "demographics",
   "x_transform": "level",
   "x_unit": "percent (share of population aged 5-14, census block)",
   "beta": 0.00154,
   "se": null,
   "t": 2.25,
   "p": null,
   "p_stars": "**",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c5",
   "var_name_printed": "cenbl p5 14",
   "taxonomy_id": "demographics",
   "x_transform": "level",
   "x_unit": "percent (share of population aged 5-14, census block)",
   "beta": 0.00153,
   "se": null,
   "t": 2.24,
   "p": null,
   "p_stars": "**",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c6",
   "var_name_printed": "cenbl p5 14",
   "taxonomy_id": "demographics",
   "x_transform": "level",
   "x_unit": "percent (share of population aged 5-14, census block)",
   "beta": 0.00154,
   "se": null,
   "t": 2.25,
   "p": null,
   "p_stars": "**",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c4",
   "var_name_printed": "tax",
   "taxonomy_id": "public_services",
   "x_transform": "level",
   "x_unit": "property tax rate ($ per $1,000 assessed value, school district)",
   "beta": -0.06787,
   "se": null,
   "t": -3.21,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c5",
   "var_name_printed": "tax",
   "taxonomy_id": "public_services",
   "x_transform": "level",
   "x_unit": "property tax rate ($ per $1,000 assessed value, school district)",
   "beta": -0.05526,
   "se": null,
   "t": -2.88,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T5-c6",
   "var_name_printed": "tax",
   "taxonomy_id": "public_services",
   "x_transform": "level",
   "x_unit": "property tax rate ($ per $1,000 assessed value, school district)",
   "beta": -0.05465,
   "se": null,
   "t": -2.73,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 27,
   "confidence": "high",
   "notes": ""
  }
 ]
}