Abstract
We explore whether investment in school infrastructure affects students’ achievement. We use data on extra funding to state high schools after the 2012 Northern Italy earthquake and apply a quasi-experimental design and an instrumental variable strategy. We find that spending on school infrastructure increases standardized test scores in Mathematics and Italian language, and the effect is stronger for lower-achieving students and in Mathematics. These results provide evidence in favor of a positive impact of capital spending in improving the learning environment and performances of high school students.
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