| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15666 |
| 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 |
| URL | https://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. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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