Marcus D. Casey
Department of Economics
University of Illinois at Chicago
601 South Morgan UH725 M/C144
Chicago, IL 60607
NBER Working Papers and Publications
|October 2014||The Evolution of Charter School Quality|
with Patrick L. Baude, Eric A. Hanushek, Steven G. Rivkin: w20645
Studies of the charter school sector typically focus on head-to-head comparisons of charter and traditional schools at a point in time, but the expansion of parental choice and relaxation of constraints on school operations is unlikely to raise school quality overnight. Rather, the success of the reform depends in large part on whether parental choices induce improvements in the charter sector. We study quality changes among Texas charter schools between 2001 and 2011. Our results suggest that the charter sector was initially characterized by schools whose quality was highly variable and, on average, less effective than traditional public schools. However, exits from the sector, improvement of existing charter schools, and positive selection of charter management organizations that open ad...
|May 2012||Estimating Racial Price Differentials in the Housing Market|
with Patrick Bayer, Fernando Ferreira, Robert McMillan: w18069
This paper uses unique panel data covering over two million repeat-sales housing transactions from four metropolitan areas to test for the presence of racial price differentials in the housing market. Drawing on the strengths of these data, our research design controls carefully for unobserved differences in the quality of neighborhoods and the homes purchased by buyers of each race. We find that black and Hispanic homebuyers pay premiums of about three percent on average across the four cities, differences that are not explained by variation in buyer income, wealth or access to credit. Further, the estimated premiums do not vary significantly with the racial composition of the neighborhood; nor, strikingly, do they vary with the race of the seller. This latter finding suggests that racial...