Nber Working Paper Series Why Do Households without Children Support Local Public Schools?
نویسندگان
چکیده
We thank Gilles Duranton, Harold Elder, William Fischel, Joe Gyourko, Caroline Hoxby, Bob Inman, Loretta Mester, Wallace Oates, Todd Sinai, William Strange and seminar participants at the ASSA meetings, the NBER meetings, the Public Choice meetings, the Wharton School, and Federal Reserve Bank of Philadelphia for helpful comments. We also thank the Wharton GIS Lab and Susan Wachter and Paul Amos for providing data used in the paper. Any errors, of course, are our own. Financial assistance from the Swiss National Science Foundation, the Max Geldner Foundation, the Zell/Lurie Real Estate Center at Wharton, and the Milstein Center for Real Estate at Columbia Business School is gratefully acknowledged.The views expressed herein are those of the author(s) and not necessarily those of the National Bureau of Economic Research.
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Why Do Households Without Children Support Local Public Schools? Linking House Price Capitalization to School Spending
While residents receive similar benefits from many local government programs, only about one-third of all households have children in public schools. We argue that capitalization of school spending into house prices can encourage even childless residents to support spending on schools. We identify a proxy for the extent of capitalization—the supply of land available for new development—and show...
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