Maurice E. Lucas


NBER Working Papers and Publications

November 2000What's in a Grade? School Report Cards and House Prices
with David N. Figlio: w8019
Throughout the last decade, many states around the country have begun making public student test scores or other evaluative measures of school quality available to the general public. The most recent trends in state policies under consideration, already enacted in Florida and a n major component of George W. Bush's education platform, involve the assignment of letter grades to rate school quality. Because school quality is one of a group of local public goods purchased along with a house, one would anticipate that additional information about school quality would capitalize into real estate values. This paper takes the first look at the role that this type of added information plays in the capitalization of school quality measures. We use rich student test score and housing value dat...

Published: Figlio, David N. and Maurice E. Lucas. "What's In A Grade? School Report Cards And The Housing Market," American Economic Review, 2004, v94(3,Jun), 591-604.

October 2000Do High Grading Standards Affect Student Performance?
with David N. Figlio: w7985
This paper explores the effects of high grading standards on student test performance in elementary school. While high standards have been advocated by policy-makers, business groups, and teacher unions, very little is known about their effects on outcomes. Most of the existing research on standards is theoretical, generally finding that standards have mixed effects on students. However, very little empirical work has to date been completed on this topic. This paper provides the first empirical evidence on the effects of grading standards, measured at the teacher level. Using an exceptionally rich set of data including every third, fourth, and fifth grader in a large school district over four years, we match students' test score gains and disciplinary problems to teacher-level grading ...

Published: Figlio, David N. and Maurice E. Lucas. "Do High Grading Standards Affect Student Performance?," Journal of Public Economics, 2004, v88(9-10,Aug), 1815-1834. citation courtesy of

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