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

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  • Julien Lafortune
  • David Schönholzer

Abstract

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.

Suggested Citation

  • Julien Lafortune & David Schönholzer, 2022. "The Impact of School Facility Investments on Students and Homeowners: Evidence from Los Angeles," American Economic Journal: Applied Economics, American Economic Association, vol. 14(3), pages 254-289, July.
    • Handle: RePEc:aea:aejapp:v:14:y:2022:i:3:p:254-89
    DOI: 10.1257/app.20200467
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    Cited by:

    1. Barbara Biasi & Julien M. Lafortune & David Schönholzer, 2024. "What Works and For Whom? Effectiveness and Efficiency of School Capital Investments Across The U.S," NBER Working Papers 32040, National Bureau of Economic Research, Inc.

    More about this item

    JEL classification:

    • H75 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Government: Health, Education, and Welfare
    • H76 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Other Expenditure Categories
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock

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