Abstract
This paper provides new evidence on the effect of elementary and middle school construction projects on home prices, academic achievement, and school enrollment. Combining the staggered implementation of a comprehensive school construction project in a poor urban district with panel data on student test scores and neighborhoods of residence, we find that, by six years after building occupancy, school construction increases reading scores by 0.15 standard deviations relative to the year before building occupancy. We do not observe similar effects for math scores. School construction raised home prices in affected neighborhoods by roughly 10%, and led to increased public school enrollment.
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