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ERIC Number: EJ851519
Record Type: Journal
Publication Date: 2008
Pages: 33
Abstractor: As Provided
Reference Count: 0
ISSN: ISSN-1557-3060
The Influence of the Elderly on School Spending in a Median Voter Framework
Fletcher, Deborah; Kenny, Lawrence W.
Education Finance and Policy, v3 n3 p283-315 Sum 2008
How do the elderly influence school spending if they are a minority of the population? We estimate the determinants of school spending in a median voter model, comparing four assumptions about how the elderly influence the identity of the median voter. Using a county-level panel, we find that elderly preferences are best characterized by assuming all elderly or all elderly migrants vote with the poor. Having more elderly results in a median voter who is further down the community's income distribution. This median voter is poorer, which lowers preferred school spending, and faces a lower tax price, which raises preferred school spending. The evidence suggests that the income effect is slightly larger than the price effect, so the elderly on net cause a very small drop in spending. Thus the widespread concern about the negative impact of population aging on school funding seems to be misplaced.
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Publication Type: Journal Articles; Reports - Research
Education Level: Elementary Secondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A