G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w24140
来源IDWorking Paper 24140
Housing Disease and Public School Finances
Matthew Davis; Fernando V. Ferreira
发表日期2017-12-25
出版年2017
语种英语
摘要Median expenditure per student in U.S. public schools grew 41% in real terms from 1990 to 2009. We propose a new mechanism to explain part of this increase: housing disease, a fiscal externality from local housing markets in which unexpected booms generate extra revenues that schools administrators have incentives to spend, independent of local preferences for provision of public goods. We establish the importance of housing disease by: (i) assembling a novel microdata set containing the universe of housing transactions for a large sample of school districts; and (ii) using the timelines of school district housing booms to disentangle the effects of housing disease from reverse causality and changes in household composition. We estimate housing price elasticities of per-pupil expenditures of 0.16-0.20, which accounts for approximately half of the rise in public school spending. School districts did not boost administrative costs with those additional funds. Instead, they primarily increased spending on instruction and capital projects, suggesting that the cost increase was accompanied by improvements in the quality of school inputs.
主题Public Economics ; Health, Education, and Welfare ; Labor Economics ; Regional and Urban Economics
URLhttps://www.nber.org/papers/w24140
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/581814
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GB/T 7714
Matthew Davis,Fernando V. Ferreira. Housing Disease and Public School Finances. 2017.
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