Do students perform better on statewide assessments in years in which they have more school days to prepare? We explore this question using data on math and reading assessments taken by students in the third, fifth, and eighth grades since 1994 in Maryland. Our identification strategy is rooted in the fact that tests are administered on the same…

National Board Certification (NBC) for teachers has become an important innovation in long-standing efforts to improve teacher quality. As states, districts, and teachers increasingly invest resources in this process, information is needed on its cost, impact, and value. This analysis estimates the full opportunity cost of four NBC support…

This article seeks to move the adequacy issue forward by demonstrating that under a certain set of assumptions, it is possible to provide a set of programmatic offerings that corresponds well with what we consider to be an emerging, research-based consensus about what constitutes best practices. We do this by showing what could be purchased with…

Within the context of the school finance literature, the concepts of equity and adequacy raise a number of complex definitional and pragmatic issues. The purpose of this article is to clarify those issues and to use those concepts to evaluate the recent policy proposal called weighted student funding (WSF). Though WSF contains some…

In this article I argue that the distinction between an adequate education and an equal education has been overdrawn. In my view, a certain type of equality--civic equality--is internal to the idea of educational adequacy. An education system that completely separates the children of the poor and minorities from those of the wealthy and middle…

Educational equality is one important value of justice in education, but it is only one. This article makes a case for a meritocratic principle of educational equality and shows that certain arguments against that principle do not justify rejecting it. It would be wrong to, for the sake of educational equality, undermine the value of the family or…

This article discusses issues of justice concerning school finance with a focus on the development of a conception of equality of educational opportunity. Emphasis is put on discussing the views of the other contributors in this symposium. The main conclusions of the discussion are that (1) equity and adequacy are not inconsistent views because…

This article examines the interaction between school accountability and local control over revenue raising and resource allocation. In particular, it asks whether accountability policies are more or less effective at improving student outcomes in states with stronger local control. Local control is operationalized with multiple measures, including…

Of thirty-eight states with lotteries, sixteen earmark lottery profits for primary and secondary education. In this article, we use a panel data set of states with lotteries to examine the impact of earmarking lottery revenues on state educational spending. We can reject the hypothesis that spending increases dollar for dollar with earmarked…

In 1996, New York State began requiring all graduating high school students (starting with the Class of 1999) to pass rigorous end-of-course exams in five subjects. This study explores whether high school resources have been reallocated in the wake of these new standards and whether reallocation patterns differ among high- and low-graduation-rate…

This study explored the potential acceptability of performance pay to new teachers by investigating attitudes toward performance pay of students preparing to be teachers. Focus groups and a survey of students preparing to be teachers at a large U.S. university were conducted. Most students expressed a preference for some form of performance pay…

Since the early 1990s, state governments have distributed billions of dollars in financial aid through merit-based college scholarships, most of which have no means tests. The model for most of these programs is Georgia's Helping Outstanding Pupils Educationally (HOPE) scholarship. Given the high correlation between precollege academic achievement…

Households pay a premium to live in houses assigned to high quality public schools, and the housing market yields information about the demand for public school quality. The current study estimates a two-stage house price hedonic emphasizing the role that private schools play in the willingness to pay for public school quality. The elasticity of…

Several national and international assessments have demonstrated that there has been little improvement in the performance of American high school students in recent decades. High school students are increasingly underprepared for transition into college-level course-work. One new approach to high school redesign, "early college," seeks to address…

Using new institutional-level data, we assess the impact of changing federal aid levels on institutional-level Pell revenues. Using various policy instruments associated with Pell generosity, we quantify the sensitivity of institutional Pell revenues to the generosity of the Pell Grant program. In general, we find an elastic response of…