The Effects Of School Spending On Educational And Economic Outcomes
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The Effects Of School Spending On Educational And Economic Outcomes
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Author : C. Kirabo Jackson
language : en
Publisher:
Release Date : 2015
The Effects Of School Spending On Educational And Economic Outcomes written by C. Kirabo Jackson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Academic achievement categories.
Since Coleman (1966), many have questioned whether school spending affects student outcomes. The school finance reforms that began in the early 1970s and accelerated in the 1980s caused some of the most dramatic changes in the structure of K-12 education spending in US history. To study the effect of these school-finance-reform-induced changes in school spending on long-run adult outcomes, we link school spending and school finance reform data to detailed, nationally-representative data on children born between 1955 and 1985 and followed through 2011. We use the timing of the passage of court-mandated reforms, and their associated type of funding formula change, as an exogenous shifter of school spending and we compare the adult outcomes of cohorts that were differentially exposed to school finance reforms, depending on place and year of birth. Event-study and instrumental variable models reveal that a 10 percent increase in per-pupil spending each year for all twelve years of public school leads to 0.27 more completed years of education, 7.25 percent higher wages, and a 3.67 percentage-point reduction in the annual incidence of adult poverty; effects are much more pronounced for children from low-income families. Exogenous spending increases were associated with sizable improvements in measured school quality, including reductions in student-to-teacher ratios, increases in teacher salaries, and longer school years.
Does Money Matter
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Author : Gary Burtless
language : en
Publisher: Brookings Institution Press
Release Date : 2011-02-01
Does Money Matter written by Gary Burtless and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-02-01 with Education categories.
Many believe that American education can only be improved with a sizable infusion of new resources into the nation's schools. Others find little evidence that large increases in spending lead to improvements in educational performance. Do additional school resources actually make any difference? The evidence on this question offers a striking paradox. Many analysts have found that extra school resources play a negligible role in improving student achievement while children are in school. Yet many economists have gathered data showing that students who attend well-endowed schools grow up to enjoy better job market success than children whose education takes place in schools where resources are limited. For example, children who attend schools with a lower pupil-teacher ratio and a better educated teaching staff appear to earn higher wages as adults than children who attend poorer schools. This book, which grew out of a Brookings conference, brings together scholars from a variety of disciplines to discuss the evidence on the link between school resources and educational and economic outcomes. In a lively exchange of views, they debate whether additional spending can improve the performance of the nation's schools. In addition to editor Gary Burtless, the contributors include Eric Hanushek, University of Rochester; James Heckman, University of Chicago; Julian Betts, University of California, San Diego; Richard Murnane, Harvard University; Larry Hedges, University of Chicago; and Christopher Jencks, Northwestern University. Dialogues on Public Policy
The Effect Of School Finance Reforms On The Distribution Of Spending Academic Achievement And Adult Outcomes
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Author : C. Kirabo Jackson
language : en
Publisher:
Release Date : 2014
The Effect Of School Finance Reforms On The Distribution Of Spending Academic Achievement And Adult Outcomes written by C. Kirabo Jackson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Academic achievement categories.
The school finance reforms (SFRs) that began in the early 1970s and accelerated in the 1980s caused some of the most dramatic changes in the structure of K-12 education spending in U.S. history. We analyze the effects of these reforms on the level and distribution of school district spending, as well as their effects on subsequent educational and economic outcomes. In Part One, using a newly compiled database of school finance reforms and a recently available long panel of annual school district data on per-pupil spending that spans 1967-2010, we present an event-study analysis of the effects of different types of school finance reforms on per-pupil spending in low- and high-income school districts. We find that SFRs have been instrumental in equalizing school spending between low- and high-income districts and many reforms do so by increasing spending for poor districts. While all reforms reduce spending inequality, there are important differences by reform type: adequacy-based court-ordered reforms increase overall school spending, while equity-based court-ordered reforms reduce the variance of spending with little effect on overall levels; reforms that entail high tax prices (the amount of taxes a district must raise to increase spending by one dollar) reduce long-run spending for all districts, and those that entail low tax prices lead to increased spending growth, particularly for low-income districts. In Part Two, we link the spending and reform data to detailed, nationally-representative data on children born between 1955 and 1985 and followed through 2011 (the Panel Study of Income Dynamics) to study the effect of the reform-induced changes in school spending on long-run adult outcomes. These birth cohorts straddle the period in which most of the major school finance reform litigation accelerated, and thus the cohorts were differentially exposed, depending on place and year of birth. We use the timing of the passage of court-mandated reforms as an exogenous shifter of school spending across cohorts within the same district. Event-study and instrumental variable models reveal that a 20 percent increase in per-pupil spending each year for all 12 years of public school for children from poor families leads to about 0.9 more completed years of education, 25 percent higher earnings, and a 20 percentage-point reduction in the annual incidence of adult poverty; we find no effects for children from non-poor families. The magnitudes of these effects are sufficiently large to eliminate between two-thirds and all of the gaps in these adult outcomes between those raised in poor families and those raised in non-poor families. We present several pieces of evidence to support a causal interpretation of the estimates.
Encyclopedia Of Education Economics And Finance
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Author : Dominic J. Brewer
language : en
Publisher: SAGE Publications
Release Date : 2014-08-25
Encyclopedia Of Education Economics And Finance written by Dominic J. Brewer and has been published by SAGE Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-08-25 with Education categories.
Economics can be a lens for understanding the behavior of schools, districts, states, and nations in meeting education needs of their populaces, as well as for understanding the individual decisions made by administrators, teachers, and students. Insights from economics help decision makers at the state level understand how to raise and distribute funds for public schools in an equitable manner for both schools and taxpayers. Economics also can assist researchers in analyzing effects of school spending and teacher compensation on student outcomes. And economics can provide important insights into public debates on issues such as whether to offer vouchers for subsidizing student attendance at private schools. This two-volume encyclopedia contains over 300 entries by experts in the field that cover these issues and more. Features: This work of 2 volumes (in both print and electronic formats) contains 300-350 signed entries by significant figures in the field. Entries conclude with cross-references and suggestions for further readings to guide students to in-depth resources. Although organized in A-to-Z fashion, a thematic “Reader’s Guide” in the front matter groups related entries by topic. Also in the front matter, a chronology provides students with historical perspective on the development of education economics and finance as a field of study The entire work concludes with a Resources appendix and a comprehensive Index. In the electronic version, the index, Reader's Guide, and cross references combine to provide effective search-and-browse capabilities.
Does Money Matter
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Author : Gary Burtless
language : en
Publisher: Brookings Inst Press
Release Date : 1996
Does Money Matter written by Gary Burtless and has been published by Brookings Inst Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.
This volume brings together scholars from a variety of disciplines to discuss the evidence on the link between school resources and educational and economic outcomes. In a lively exchange of views, they debate whether additional spending can improve the performance of the nation's schools.
Developments In School Finance
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Author : William J. Fowler
language : en
Publisher: DIANE Publishing
Release Date : 1998-05
Developments In School Finance written by William J. Fowler and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-05 with categories.
Contains papers by state education dept. policymakers, analysts, and data providers on emerging issues in school finance. Includes: estimates of disparities and analysis of the causes of expenditures in public school districts; race, poverty and the student curriculum; court-ordered school finance equalization; resource allocation to schools under conditions of radical decentralization; building equity and effectiveness into school-based funding models; alternative options for deflating education expenditures over time; productivity collapse in schools; and evaluating the effect of teacher degree level on educational performance.
The Price We Pay
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Author : Clive R. Belfield
language : en
Publisher: Rowman & Littlefield
Release Date : 2008-07-01
The Price We Pay written by Clive R. Belfield and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-07-01 with Education categories.
While the high cost of education draws headlines, the cost of not educating America's children goes largely ignored. The Price We Pay remedies this oversight by highlighting the private and public costs of inadequate education. In this volume, leading scholars from a broad range of fields—including economics, education, demography, and public health—attach hard numbers to the relationship between educational attainment and such critical indicators as income, health, crime, dependence on public assistance, and political participation. They explore policy interventions that could boost the education system's performance and explain why demographic trends make the challenge of educating our youth so urgent today. Improving educational outcomes for at-risk youth is more than a noble goal. It is an investment with the potential to yield benefits that far outstrip its costs. The Price We Pay provides the tools readers need to analyze both sides of the balance sheet and make informed decisions about which policies will pay off. Contributors include Thomas Bailey (Teachers College, Columbia University), Ronald F. Ferguson (Harvard University), Irwin Garfinkel (Columbia University), Jane Junn (Rutgers University), Brendan Kelly (Columbia University), Enrico Moretti (UCLA), Peter Muennig (Columbia University), Michael Rebell (Teachers College, Columbia University), Richard Rothstein (Teachers College, Columbia University), Cecilia E. Rouse (Princeton University), Marta Tienda (Princeton University), Jane Waldfogel (Columbia University), and Tamara Wilder (Teachers College, Columbia University).
Confronting Inequality
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Author : Laura Tach
language : en
Publisher:
Release Date : 2020
Confronting Inequality written by Laura Tach and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Children categories.
"All children deserve the best possible future. But in this era of increasing economic and social inequality, more and more children are being denied their fair chance at life. This book examines the impact of inequality on children's health and education, and offers a blueprint for addressing the impact of inequality among children in economic, sociological, and psychological domains. Chapters examine a wide range of studies including exposure to stress and its biological consequences; the impact of federal programs offering access to nutrition for mothers and children; the impact of parental decision making and child support systems; the effects of poverty on child care and quality of education, parental engagement with schools, parent child interactions, friendship networks, and more. The book concludes with commentaries from leading scholars about the state of the field, and efforts to help mitigate the effects of inequality for children in the US and throughout the world"--
Handbook Of Research In Education Finance And Policy
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Author : Helen F. Ladd
language : en
Publisher: Routledge
Release Date : 2014-12-17
Handbook Of Research In Education Finance And Policy written by Helen F. Ladd and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-17 with Education categories.
Sponsored by the Association for Education Finance and Policy (AEFP), the second edition of this groundbreaking handbook assembles in one place the existing research-based knowledge in education finance and policy, with particular attention to elementary and secondary education. Chapters from the first edition have been fully updated and revised to reflect current developments, new policies, and recent research. With new chapters on teacher evaluation, alternatives to traditional public schooling, and cost-benefit analysis, this volume provides a readily available current resource for anyone involved in education finance and policy. The Handbook of Research in Education Finance and Policy traces the evolution of the field from its initial focus on school inputs and revenue sources used to finance these inputs, to a focus on educational outcomes and the larger policies used to achieve them. Chapters show how decision making in school finance inevitably interacts with decisions about governance, accountability, equity, privatization, and other areas of education policy. Because a full understanding of important contemporary issues requires inputs from a variety of perspectives, the Handbook draws on contributors from a number of disciplines. Although many of the chapters cover complex, state-of-the-art empirical research, the authors explain key concepts in language that non-specialists can understand. This comprehensive, balanced, and accessible resource provides a wealth of factual information, data, and wisdom to help educators improve the quality of education in the United States.
The Economics Of School Choice
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Author : Caroline M. Hoxby
language : en
Publisher: University of Chicago Press
Release Date : 2007-11-01
The Economics Of School Choice written by Caroline M. Hoxby and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-11-01 with Education categories.
Now that the U.S. Supreme Court has declared school voucher programs constitutional, the many unanswered questions concerning the potential effects of school choice will become especially pressing. Contributors to this volume draw on state-of-the-art economic methods to answer some of these questions, investigating the ways in which school choice affects a wide range of issues. Combining the results of empirical research with analyses of the basic economic forces underlying local education markets, The Economics of School Choice presents evidence concerning the impact of school choice on student achievement, school productivity, teachers, and special education. It also tackles difficult questions such as whether school choice affects where people decide to live and how choice can be integrated into a system of school financing that gives children from different backgrounds equal access to resources. Contributors discuss the latest findings on Florida's school choice program as well as voucher programs and charter schools in several other states. The resulting volume not only reveals the promise of school choice, but examines its pitfalls as well, showing how programs can be designed that exploit the idea's potential but avoid its worst effects. With school choice programs gradually becoming both more possible and more popular, this book stands out as an essential exploration of the effects such programs will have, and a necessary resource for anyone interested in the idea of school choice.