Biasi, Barbara; Lafortune, Julien; Schönholzer, David - 2024
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 …
