学校设施投资对学生和房主的影响:来自洛杉矶的证据

IF 5.5 1区经济学 Q1 ECONOMICS

American Economic Journal-Applied Economics Pub Date : 2022-07-01 DOI:10.1257/app.20200467

Julien Lafortune, David Schönholzer

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引用次数: 14

摘要

我们使用洛杉矶的行政记录来研究学校设施投资。利用新设施开放时间的准随机变化，并使用住宅分配工具，我们发现对考试成绩、出勤率和房价有积极影响。效果不是由班级规模、同学、老师或校长的变化所驱动的，但一些证据表明，提高了设施质量。我们使用隐含的未来收益和住房资本化来评估项目效率。每花费1美元，该项目就为家庭创造了1.62美元的价值，其中约24%直接来自考试分数的提高，76%来自非考试分数设施的资本化。(凝胶H75、H76 I21、I26 J31, R31, R53)

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The Impact of School Facility Investments on Students and Homeowners: Evidence from Los Angeles

We study school facility investments using administrative records from Los Angeles. Exploiting quasi-random variation in the timing of new facility openings and using a residential assignment instrument, we find positive impacts on test scores, attendance, and house prices. Effects are not driven by changes in class size, peers, teachers, or principals, but some evidence points toward increased facility quality. We evaluate program efficiency using implied future earnings and housing capitalization. For each dollar spent, the program generated $1.62 in household value, with about 24 percent coming directly through test score gains and 76 percent from capitalization of non-test-score amenities. (JEL H75, H76, I21, I26, J31, R31, R53)

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来源期刊

American Economic Journal-Applied Economics ECONOMICS-

CiteScore

9.10

自引率

1.60%

发文量

期刊介绍： American Economic Journal: Applied Economics publishes papers covering a range of topics in applied economics, with a focus on empirical microeconomic issues. In particular, we welcome papers on labor economics, development microeconomics, health, education, demography, empirical corporate finance, empirical studies of trade, and empirical behavioral economics.