NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Investing in Schools: Capital Spending, Facility Conditions, and Student Achievement

Paco Martorell, Kevin M. Stange, Isaac McFarlin

NBER Working Paper No. 21515
Issued in September 2015, Revised in September 2015

---- Acknowledgments ----

The authors are grateful for support from the W.E. Upjohn Institute, W.T. Grant Foundation, and the Institute of Education Sciences (R305A140363). The views expressed are the authors and do not represent the views of the Institute of Education Sciences, U.S. Department of Education; Texas Education Agency, Texas Higher Education Coordinating Board, Texas Workforce Commission, or other organizations. The research benefited from feedback in seminars at American University, Cornell University, Michigan State University, University of Michigan, University of Wisconsin, Northwestern University, the LBJ School of Public Affairs, University of Texas, Austin, and Federal Reserve Bank of New York. The authors received valuable feedback from conference presentations at the NBER Economics of Education, Institute for Research on Poverty Summer Workshop, Association for Public Policy Analysis and Management, and the Association for Education Finance and Policy. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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