Does the Market Value Value-Added? Evidence from Housing Prices After a Public Release of School and Teacher Value-Added
---- Acknowledgements -----
We would like to thank seminar participants at the AEA Annual Meetings, the APPAM Fall Meetings, CES-Ifo, Duke, Georgetown and the University of Michigan along with Julie Cullen, Susanna Loeb, Stephen Machin, Steven Rivkin, Guido Schwerdt, Gary Solon, and Kevin Stange for helpful comments and suggestions. We would also like to thank the Los Angeles County Tax Assessor's Office, the Los Angeles Times, the Los Angeles Unified School District, and Richard Buddin for providing us the data and for their assistance with the data. Finally, we would like to thank Margaret O'Rourke and Michael Naretta for excellent research assistance on this project. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.