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Does Public School Administrative Spending Affect District House Prices?, Catherine Degen

Honors Theses

Public schools are often criticized for the way in which they elect to distribute their limited resources. Perhaps the most critical assets for schools are teachers and administrators, and the compensation of these individuals varies widely amongst public school districts. There exists an optimal level of spending on district administration. Districts that pay administrators above or below this optimal point are likely not allocating their resources in the best possible manner, and educational quality may suffer. We hypothesize that within districts where either of the above situations is the case, home prices will be lower, as homebuyers will be less …