We conduct the first national study of the causal impact of school spending and local taxes on housing prices by … pairing variation induced by school finance reforms with 25 years of national data on housing prices. Our analysis speaks to … two classic questions in economics: whether school spending matters and whether it is provided at efficient levels. The …

In this study we test how the level of school financial resources and relative teacher wages affect educational … measures of educational outcomes at different levels of the school system. We find no significant effect of the school …