G2TT
来源类型Discussion paper
规范类型论文
来源IDDP15666
DP15666 Inequality in Public School Spending across Space and Time
Christopher Biolsi; Steven G. Craig; Amrita Dhar; Bent E Sørensen
发表日期2021-01-13
出版年2021
语种英语
摘要This paper takes a novel time series perspective on K-12 school spending. About half of school spending is financed by state government aid to local districts. Because state aid is generally income conditioned, with low-income districts receiving more aid, state aid acts as a mechanism for risk sharing between school districts. We show that temporal inequality, due to state and local business cycles, is prevalent across the income distribution. We estimate a model of local revenue and state aid, and its allocation across districts, and use the parameters to simulate impulse response functions. We find that state aid provides risk sharing for local shocks, although slow speed of adjustment results in temporal inequality. There is little risk sharing for statewide income shocks, and the risk from such shocks to school spending is more severe in low income districts because of their greater reliance on state aid.
主题Public Economics
URLhttps://cepr.org/publications/dp15666
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/544677
推荐引用方式
GB/T 7714
Christopher Biolsi,Steven G. Craig,Amrita Dhar,et al. DP15666 Inequality in Public School Spending across Space and Time. 2021.
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