Financial Deregulation, School Finance, and Student Achievement. EdWorkingPaper No. 23-874

التفاصيل البيبلوغرافية
العنوان: Financial Deregulation, School Finance, and Student Achievement. EdWorkingPaper No. 23-874
اللغة: English
المؤلفون: Xi Yang, Jian Zou, Annenberg Institute for School Reform at Brown University
المصدر: Annenberg Institute for School Reform at Brown University. 2023.
الإتاحة: Annenberg Institute for School Reform at Brown University. Brown University Box 1985, Providence, RI 02912. Tel: 401-863-7990; Fax: 401-863-1290; e-mail: AISR_Info@brown.edu; Web site: http://www.annenberginstitute.org
Peer Reviewed: N
Page Count: 64
تاريخ النشر: 2023
نوع الوثيقة: Reports - Research
Education Level: Elementary Secondary Education
Descriptors: Educational Finance, State Aid, Taxes, Expenditure per Student, Income, Disadvantaged Schools, Academic Achievement, Resource Allocation, Public Education, Elementary Secondary Education
مستخلص: This paper studies how school spending impacts student achievement by exploiting the US interstate branching deregulation as state tax revenue shocks. Leveraging school finance data from universal school districts, our difference-in-differences estimation reveals that deregulation leads to an increase in per-pupil total revenue and expenditure. The rise in revenue is primarily attributed to higher state revenues, while the expenditure increase is more prominent in low-income school districts. Using restricted-use student assessments from the Nation's Report Card, we find that deregulation results in improved student achievement, with no distributional effects evident across students' ability, race, or free lunch status. We introduce an instrumental variables approach that accounts for dynamic treatment effects and estimate that a one-thousand-dollar increase in per-pupil spending leads to a 0.035 standard deviation improvement in student achievement.
Abstractor: As Provided
Entry Date: 2024
رقم الأكسشن: ED638871
قاعدة البيانات: ERIC