Gilraine, Michael; Graham, James; Zheng, Angela - National Bureau of Economic Research - 2023
intergenerational wealth effects. Using panel data from school zones within a large U.S. school district, we find that higher local … house prices lead to improvements in local school quality, thereby increasing child human capital and future incomes. We … endogenous school quality. Housing market shocks in the model generate large intra- and intergenerational wealth effects, with …