Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 28th May 2024, 09:04:45pm EDT
Track T5-6: Labor and the Finance of Human Capital
Time:
Tuesday, 21/May/2024:
2:45pm - 3:30pm
Session Chair: Elena Simintzi, UNC Discussant: Carlos Fernando Avenancio-León, UCSD
Location:Room 1212
Presentations
Intergenerational Conflict in Education Financing: Evidence from A Decade of Bond Referenda
Livia Yi
Boston College
I examine how population aging affects voter support for and the efficiency of public education provision. Analyzing a decade of school bond referendum data, I find that school districts with older populations are less likely to approve bond proposals to finance school investments. I leverage variations in historical fertility trends to separate the effect of aging-in-place from that of endogenous sorting. Comparing narrowly passed and failed referenda, I find that house prices do not appreciate after bond approvals in older-population districts, despite increased spending. These results align with generational political divisions over education investment but do not indicate inefficiency.