The Returns to Public Library Investment

May 20, 2021

A new working paper, The Returns to Public Library Investment, examines how capital investment in public libraries affects library operations, patron usage, and local communities, with a focus on student achievement. The paper was published to the Federal Reserve Bank of Chicago website.

From the abstract:

[su_quote]…library capital investment increases children’s attendance at library events by 18%, children’s checkouts of items by 21%, and total library visits by 21%. Increases in library use translate into improved children’s 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 standard deviations…[/su_quote]

Read the entire paper for full details.

If you have a question about this or any other article, please contact us at

Browse by Category

Browse by Month

Similar Articles You May Like

October is Health Literacy Month

For more than 20 years, October has been recognized as Health Literacy Month. Libraries, as trusted sources of...

News in Brief

Call for Presenters: 2024 CLiC Virtual Winter Workshop Share your knowledge and enthusiasm with your peers in Colorado...