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 …

This paper provides new evidence on the effect of school construction projects on home prices, academic achievement …, and public school enrollment. Taking advantage of the staggered implementation of a comprehensive school construction … school construction raised reading scores for elementary and middle school students by 0.027 standard deviations. For a …