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作者

来源

REGIONAL SCIENCE AND URBAN ECONOMICS,Vol.63,P.76-84

语言

英文

关键字

School finance; Signaling; Regression discontinuity; Real estate construction; Property tax voting; OUTCOMES; ECONOMICS; POLICIES; PEOPLE; COST; JOBS

作者单位

[Brasington, David M.] Univ Cincinnati, Dept Econ, Cincinnati, OH 45221 USA. Brasington, DM (reprint author), Univ Cincinnati, Dept Econ, Cincinnati, OH 45221 USA. E-Mail: david.brasington@uc.edu

摘要

School districts that vote in favor of property tax levies may signal that they are education-oriented. Through Tiebout sorting and housing developer activity, new residents might move to such communities. New retail development may occur near these new residents, and office firms that rely on high-skilled residents might be drawn too. Using regression discontinuity we find school districts that renew property tax levies have a higher value of new construction than districts that do not renew these school expenditures. School tax levy renewal is responsible for 14% of new residential construction and 25% of new commercial construction.