by boundaries. Here, we use changes in school boundaries and the opening of a new school to identify this capitalization …

boundaries. We use changes in school boundaries and the proposal of a new school. Our findings from redistricting in the Fayette … county school district (KY) show that prices for homes redistricted from a lower-performing (based on test scores) school … into the proposed school catchment area increase by six percent. For houses in higher-performing school catchment areas …

prices has been widely used in the literature of hedonic estimation in the past decade. However, concerns have been raised … Banzhaf (2021), we estimate the capitalization of school redistricting in a generalized DID framework that incorporates … significant differences in both the capitalization effects and welfare changes associated with the school redistricting. …

middle school faced the longest closures. A structural model of human capital accumulation predicts that the US school …

This paper identifies which investments in school facilities help students and are valued by homeowners. Using novel … data on school district bonds, test scores, and house prices for 29 U.S. states and a research design that exploits close … elections with staggered timing, we show that increased school capital spending raises test scores and house prices on average …

Value-added data are an increasingly common evaluation tool for schools and teachers. Many school districts have … analysis is the first in the school valuation literature to examine property value responses to a value-added information shock …, which is of interest as this measure is less correlated with demographics than typical school quality measures. Unique to …