Published Quarterly Journal of Economics Online 18 Feb 2025 Published Jul 2025What Works and for Whom? Effectiveness and Efficiency of School Capital Investments Across the U.S.Barbara Biasi · Julien Lafortune · David SchönholzerThis paper investigates which types of school facility investments benefit students (as measured by test scores) and are valued by homeowners (as measured by house prices), and for which student …