%X We explore whether investment in public school infrastructure affects students' achievement. We use data on extra funding to public high schools after the 2012 Northern Italy earthquake and apply a quasi-experimental design and an instrumental variable strategy. We find that spending on school infrastructure increases standardized test scores in mathematics and Italian language, and the effect is stronger for lower-achieving students and in mathematics. These results provide evidence in favor of a positive impact of capital spending in improving the learning environment and performances of high school students. %A Alessandro Belmonte %A Vincenzo Bove %A Giovanna D'Inverno %A Marco Modica %L eprints3719 %T School Infrastructure Spending and Educational Outcomes in Northern Italy %I IMT School for Advanced Studies Lucca %R IMT School for Advanced Studies Lucca %N 6 %K Keywords: education; school infrastructure spending; high school. JEL Classification: I22, I24, H75. %D 2017