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Working Paper
The Returns to Public Library Investment
Local governments spend over 12 billion dollars annually funding the operation of 17,000 public libraries in the United States, yet we know little about their effects. We use data describing the near-universe of public libraries to show that public library investment increases children’s attendance at library events by 18%, children’s checkouts of items by 21%, and library visits by 21%. Increases in library use translate into improved test scores in nearby school districts: a $1,000 or greater per-student capital investment in local public libraries increases reading test scores by 0.02 ...
Working Paper
The Returns to Public Library Investment
Local governments spend over 12 billion dollars annually funding the operation of 15,000 public libraries in the United States. This funding supports widespread library use: more than 50% of Americans visit public libraries each year. But despite extensive public investment in libraries, surprisingly little research quantities the effects of public libraries on communities and children. We use data on the near-universe of U.S. public libraries to study the effects of capital spending shocks on library resources, patron usage, student achievement, and local housing prices. We use a dynamic ...