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Direct linkCellini, Stephanie Riegg; Ferreira, Fernando; Rothstein, Jesse – National Bureau of Economic Research, 2008
This paper analyzes the impact of voter-approved school bond issues on school district balance sheets, local housing prices, and student achievement. We draw on the unique characteristics of California's system of school finance to obtain clean identification of bonds' causal effects, comparing districts in which school bond referenda passed or…
Descriptors: Educational Finance, School Districts, Bond Issues, Educational Facilities
