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Costrell, Robert M.; McGee, Josh – Education Finance and Policy, 2019
The value of pension benefits varies widely, by a teacher's age of entry and exit. This variation is masked by the uniform rate of annual contributions, as a percent of pay, to fund benefits for all. For the first time, we unmask that variation by calculating annual costs at the individual level. In California, we find that the value of a…
Descriptors: Retirement Benefits, Teacher Characteristics, Costs, Fringe Benefits
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Rosen, Harvey S.; Sappington, Alexander J. W. – Education Finance and Policy, 2016
This paper examines whether university endowment managers think only in terms of the assets they manage or also take into account background income, that is, the other flows of income to the university. Specifically, we test whether the level and variability of a university's background income (e.g., from tuition and government grants) affect its…
Descriptors: Universities, Administrators, Endowment Funds, Educational Finance
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Baker, Bruce D.; Libby, Ken; Wiley, Kathryn – Education Finance and Policy, 2015
This article explores whether two popular policy initiatives are compatible or conflicting strategies for enhancing educational equality in diverse large urban centers. These two initiatives are (1) charter school expansion and (2) improvement of resource equity across urban public school systems through policies often referred to as weighted…
Descriptors: Charter Schools, Urban Areas, Urban Schools, Educational Resources
Chakrabarti, Rajashri; Livingston, Max; Roy, Joydeep – Education Finance and Policy, 2014
The Great Recession led to marked declines in state revenue. In this paper we investigate whether (and how) local school districts modified their funding and taxing decisions in response to state aid declines in the post-recession period. Our results reveal school districts responded to state aid cuts in the post-recession period by countering…
Descriptors: State Aid, Educational Finance, School Districts, Financial Support
Nelson, Ashlyn Aiko; Gazley, Beth – Education Finance and Policy, 2014
This paper examines voluntary contributions to public education via charitable school foundations, booster clubs, parent teacher associations, and parent teacher organizations. We use panel data on school-supporting charities with national coverage from 1995 to 2010, which we geocode and match to school districts. We document the meteoric rise of…
Descriptors: Nonprofit Organizations, Public Education, Donors, Financial Support
Conlin, Michael; Thompson, Paul N. – Education Finance and Policy, 2014
We consider issues of equality and efficiency in two different school funding systems--a state-level system in Michigan and a foundation system in Ohio. Unlike Ohio, the Michigan system restricts districts from generating property or income tax revenue to fund operating expenditures. In both states, districts fund capital expenditures with local…
Descriptors: Educational Finance, Educational Equity (Finance), Financial Support, State Aid
Zabel, Jeffrey – Education Finance and Policy, 2014
I investigate a possible unintended consequence of Proposition 2½ override behavior--that it led to increased segregation in school districts in Massachusetts. This can occur because richer, low-minority towns tend to have more successful override votes that attract similar households with relatively high demands for public services who can afford…
Descriptors: State Legislation, Educational Finance, School Districts, Enrollment Trends
Eom, Tae Ho; Duncombe, William; Nguyen-Hoang, Phuong; Yinger, John – Education Finance and Policy, 2014
New York's School Tax Relief Program, STAR, provides state-funded property tax relief for homeowners. Like a matching grant, STAR changes the price of education, thereby altering the incentives of voters and school officials and leading to unintended consequences. Using data for New York State school districts before and after STAR was…
Descriptors: Taxes, State Aid, Housing, Ownership
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Roy, Joydeep – Education Finance and Policy, 2011
Michigan radically altered its school finance system in 1994. The new plan, called Proposal A, significantly increased state aid to the lowest-spending school districts and limited future increases in spending in the highest-spending ones, abolishing local discretion over school spending. I investigate the impact of Proposal A on the distribution…
Descriptors: Evidence, Educational Objectives, State Aid, Finance Reform
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Strunk, Katharine O. – Education Finance and Policy, 2011
Increased spending and decreased student performance have been attributed in part to teachers' unions and to the collective bargaining agreements (CBAs) they negotiate with school boards. However, only recently have researchers begun to examine impacts of specific aspects of CBAs on student and district outcomes. This article uses a unique measure…
Descriptors: Teachers, Unions, Collective Bargaining, School Districts
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Rose, Heather; Sonstelie, Jon – Education Finance and Policy, 2008
Many states have used professional judgment panels to determine the resources schools need to meet certain performance targets. This study initiates a critical study of that method. Using budget simulations with hypothetical schools, we collected the judgments of forty-five principals about how school budgets should be allocated and how school…
Descriptors: Principals, Budgeting, Methods, Academic Achievement
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Sonstelie, Jon – Education Finance and Policy, 2008
This article reports the results of school budget simulations with 568 randomly selected California public school teachers, principals, and superintendents. Simulation participants were presented with the budget for a hypothetical school and asked to use that budget to employ the resources that would maximize the academic achievement of the…
Descriptors: Public Schools, Academic Achievement, Superintendents, Principals
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Perez, Maria; Socias, Miguel – Education Finance and Policy, 2008
An underlying premise of many resource adequacy studies is that reaching a specified set of educational outcomes is directly dependent on the level of resources. This article analyzes resource allocation practices among successful schools, low-performing schools, and average public schools in California. We find that differences in traditional…
Descriptors: School Effectiveness, Resource Allocation, Public Schools, Academic Achievement
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Evans, William N.; Zhang, Ping – Education Finance and Policy, 2007
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…
Descriptors: Games, Probability, Educational Finance, Income
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Loeb, Susanna; Strunk, Katharine – Education Finance and Policy, 2007
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…
Descriptors: Educational Finance, Accountability, School District Autonomy, Relationship
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