This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Are Efficiency and Equity in School Finance Substitutes or Complements? Author info | Abstract | Publisher info | Download info | Related research | Statistics Hoxby, Caroline Minter
Additional information is available for the following
registered author(s):
This paper analyzes cases made for local and centralized school finance and policies such as vouchers, categorical aid, and equalization aid. An ideal system of school finance would achieve efficiency and equity by ensuring every person invests in the amount of schooling that is socially optimal for him. The author evaluates the empirical evidence for, and the merit and importance of, arguments for each policy. She concludes that the theoretical arguments for centralized finance not only exaggerate the efficiency-equity tradeoff but actually make better arguments for a system combining local school finance with categorical aid and means-tested vouchers. Copyright 1996 by American Economic Association.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Article provided by American Economic Association in its journal Journal of Economic Perspectives .
Volume (Year): 10 (1996)
Issue (Month): 4 (Fall)
Pages: 51-72
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Handle: RePEc:aea:jecper:v:10:y:1996:i:4:p:51-72Contact details of provider: Email: Web page: http://www.aeaweb.org/jep/ More information through EDIRC
Order Information: Web: http://www.aeaweb.org/subscribe.html
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Keywords: Other versions of this item:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: C. F. Manski, .
"Educational choice (vouchers) and social mobility ,"
Institute for Research on Poverty Discussion Papers
972-92, University of Wisconsin Institute for Research on Poverty.
Other versions: Charles M. Tiebout, 1956.
"A Pure Theory of Local Expenditures ,"
Journal of Political Economy ,
University of Chicago Press, vol. 64, pages 416.
[Downloadable!] (restricted)
Epple, Dennis & Filimon, Radu & Romer, Thomas, 1993.
"Existence of voting and housing equilibrium in a system of communities with property taxes ,"
Regional Science and Urban Economics ,
Elsevier, vol. 23(5), pages 585-610, November.
[Downloadable!] (restricted)
Hamilton, Bruce W, 1976.
"Capitalization of Intrajurisdictional Differences in Local Tax Prices ,"
American Economic Review ,
American Economic Association, vol. 66(5), pages 743-53, December.
[Downloadable!] (restricted)
Gerhard Glomm & B. Ravikumar, 1998.
"Opting out of publicly provided services: A majority voting result ,"
Social Choice and Welfare ,
Springer, vol. 15(2), pages 187-199.
[Downloadable!] (restricted)
Fernandez, Raquel & Rogerson, Richard, 1998.
"Public Education and Income Distribution: A Dynamic Quantitative Evaluation of Education-Finance Reform ,"
American Economic Review ,
American Economic Association, vol. 88(4), pages 813-33, September.
[Downloadable!] (restricted)
Eberts, Randall W. & Gronberg, Timothy J., 1981.
"Jurisdictional homogeneity and the Tiebout hypothesis ,"
Journal of Urban Economics ,
Elsevier, vol. 10(2), pages 227-239, September.
[Downloadable!] (restricted)
Caroline M. Hoxby, 1995.
"Is There an Equity-Efficiency Trade-Off in School Finance? Tiebout and a Theory of the Local Public Goods Producer ,"
NBER Working Papers
5265, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Thomas A. Husted & Lawrence W. Kenny, 2002.
"The Legacy of Serrano: The Impact of Mandated Equal Spending on Private School Enrollment ,"
Southern Economic Journal ,
Southern Economic Association, vol. 68(3), pages 566-583, January.
James M. Poterba, 1996.
"Demographic Structure and the Political Economy of Public Education ,"
NBER Working Papers
5677, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Fernandez, Raquel & Rogerson, Richard, 1996.
"Income Distribution, Communities, and the Quality of Public Education ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 111(1), pages 135-64, February.
[Downloadable!] (restricted)
Hanushek, E.A. & Rivkin, S.G., 1994.
"Understanding the 20th Century Explosion in U.S. School Costs ,"
RCER Working Papers
388, University of Rochester - Center for Economic Research (RCER).
Evans, William N & Oates, Wallace E & Schwab, Robert M, 1992.
"Measuring Peer Group Effects: A Study of Teenage Behavior ,"
Journal of Political Economy ,
University of Chicago Press, vol. 100(5), pages 966-91, October.
[Downloadable!] (restricted)
Rubinfeld, Daniel L., 1987.
"The economics of the local public sector ,"
Handbook of Public Economics ,
in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 2, chapter 11, pages 571-645
Elsevier.
[Downloadable!] (restricted)
Caroline M. Hoxby, 2000.
"Does Competition among Public Schools Benefit Students and Taxpayers? ,"
American Economic Review ,
American Economic Association, vol. 90(5), pages 1209-1238, December.
[Downloadable!] (restricted)
Other versions: Borland, Melvin V. & Howsen, Roy M, 1992.
"Student academic achievement and the degree of market concentration in education ,"
Economics of Education Review ,
Elsevier, vol. 11(1), pages 31-39, March.
[Downloadable!] (restricted)
Brueckner, Jan K., 1979.
"Property values, local public expenditure and economic efficiency ,"
Journal of Public Economics ,
Elsevier, vol. 11(2), pages 223-245, March.
[Downloadable!] (restricted)
Benabou, Roland, 1996.
"Heterogeneity, Stratification, and Growth: Macroeconomic Implications of Community Structure and School Finance ,"
American Economic Review ,
American Economic Association, vol. 86(3), pages 584-609, June.
[Downloadable!] (restricted)
James M. Poterba, 1996.
"Government Intervention in the Markets for Education and Health Care: How and Why? ,"
NBER Chapters ,
in: Individual and Social Responsibility: Child Care, Education, Medical Care, and Long-Term Care in America, pages 277-308
National Bureau of Economic Research, Inc.
[Downloadable!]
Other versions: Michele Boldrin, 1993.
"Public Education and Capital Accumulation ,"
Working Papers
9301, Centro de Investigacion Economica, ITAM.
Other versions:
Michele Boldrin, 1992.
"Public Education and Capital Accumulation ,"
Discussion Papers
1017, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
[Downloadable!] Michele Boldrin, 2005.
"Public Education and Capital Accumulation ,"
Levine's Bibliography
172782000000000090, UCLA Department of Economics.
[Downloadable!] Boldrin, Michele, 2005.
"Public education and capital accumulation ,"
Research in Economics ,
Elsevier, vol. 59(2), pages 85-109, June.
[Downloadable!] (restricted) Caroline M. Hoxby, 2001.
"All School Finance Equalizations Are Not Created Equal ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 116(4), pages 1189-1231, November.
[Downloadable!] (restricted)
Other versions: Benabou, Roland, 1996.
"Equity and Efficiency in Human Capital Investment: The Local Connection ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 63(2), pages 237-64, April.
[Downloadable!] (restricted)
Brueckner, Jan K., 1983.
"Property value maximization and public sector efficiency ,"
Journal of Urban Economics ,
Elsevier, vol. 14(1), pages 1-15, July.
[Downloadable!] (restricted)
David M. Cutler & Douglas W. Elmendorf & Richard J. Zeckhauser, 1993.
"Demographic Characteristics and the Public Bundle ,"
NBER Working Papers
4283, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Rothschild, Michael & White, Lawrence J, 1995.
"The Analytics of the Pricing of Higher Education and Other Services in Which the Customers Are Inputs ,"
Journal of Political Economy ,
University of Chicago Press, vol. 103(3), pages 573-86, June.
[Downloadable!] (restricted)
Anne C. Case & Lawrence F. Katz, 1991.
"The Company You Keep: The Effects of Family and Neighborhood on Disad- vantaged Youths ,"
NBER Working Papers
3705, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: Epple, Dennis & Romano, Richard E., 1996.
"Ends against the middle: Determining public service provision when there are private alternatives ,"
Journal of Public Economics ,
Elsevier, vol. 62(3), pages 297-325, November.
[Downloadable!] (restricted)
Niskanen, William A, 1975.
"Bureaucrats and Politicians ,"
Journal of Law & Economics ,
University of Chicago Press, vol. 18(3), pages 617-43, December.
Epple, Dennis & Romano, Richard E, 1998.
"Competition between Private and Public Schools, Vouchers, and Peer-Group Effects ,"
American Economic Review ,
American Economic Association, vol. 88(1), pages 33-62, March.
[Downloadable!] (restricted)
Couch, Jim F & Shughart, William F, II & Williams, Al L, 1993.
" Private School Enrollment and Public School Performance ,"
Public Choice ,
Springer, vol. 76(4), pages 301-12, August.
Dennis Epple & Richard Romano, 2000.
"Neighborhood Schools, Choice, and the Distribution of Educational Benefits ,"
NBER Working Papers
7850, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: Stiglitz, J. E., 1974.
"The demand for education in public and private school systems ,"
Journal of Public Economics ,
Elsevier, vol. 3(4), pages 349-385, November.
[Downloadable!] (restricted)
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Byron F. Lutz, 2006.
"Taxation with representation: intergovernmental grants in a plebiscite democracy ,"
Finance and Economics Discussion Series
2006-06, Board of Governors of the Federal Reserve System (U.S.).
[Downloadable!]
Nick Adnett, .
"Competition in the School Curriculum: the economic and policy context in the UK ,"
Working Papers
001, Staffordshire University, Business School.
Claudia Goldin & Lawrence F. Katz, 1997.
"Why the United States Led in Education: Lessons from Secondary School Expansion, 1910 to 1940 ,"
NBER Working Papers
6144, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Daniel Millimet; Vasudha Rangaprasad, 2004.
"Strategic Competition Amongst Public Schools ,"
Econometric Society 2004 North American Summer Meetings
197, Econometric Society.
[Downloadable!]
Other versions: Joydeep Roy, 2004.
"Impact of School Finance Reform on Resource Equalization and Academic Performance: Evidence from Michigan ,"
Econometric Society 2004 North American Summer Meetings
425, Econometric Society.
[Downloadable!]
Reynaldo Fernandes & Amaury Patrick Gremaud & Gabriel Ulyssea, 2004.
"Sistema Brasileiro De Financiamento À Educação Básica: Principais Características, Limitações E Alternativas ,"
Anais do XXXII Encontro Nacional de Economia [Proceedings of the 32th Brazilian Economics Meeting]
132, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
[Downloadable!]
Muriel Meunier & Claude Montmarquette, 2001.
"Le système scolaire québécois : État de la situation et éléments de réflexion ,"
CIRANO Project Reports
2001rp-09, CIRANO.
[Downloadable!]
David M. Brasington, .
"Public and Private School Competition: The Spatial Education Production Function ,"
Departmental Working Papers
2005-09, Department of Economics, Louisiana State University.
[Downloadable!]
Joshua Hall, 2007.
"Local School Finance and Productive Efficiency: Evidence from Ohio ,"
Atlantic Economic Journal ,
International Atlantic Economic Society, vol. 35(3), pages 289-301, September.
[Downloadable!] (restricted)
Claudia Goldin & Lawrence F. Katz, 2003.
"The "Virtues" of the Past: Education in the First Hundred Years of the New Republic ,"
NBER Working Papers
9958, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Pablo González & Alejandra Mizala & Pilar Romaguera, 2002.
"Recursos diferenciados a la educación subvencionada en Chile ,"
Documentos de Trabajo
150, Centro de Economía Aplicada, Universidad de Chile.
[Downloadable!]
Holger Sieg & Dennis Epple & Richard Romano, 2003.
"Peer effects, financial aid and selection of students into colleges and universities: an empirical analysis ,"
Journal of Applied Econometrics ,
John Wiley & Sons, Ltd., vol. 18(5), pages 501-525.
[Downloadable!]
Other versions: Christopher C. Klein, 2007.
"Efficiency versus Effectiveness: Interpreting Education Production Studies ,"
Working Papers
200703, Middle Tennessee State University, Department of Economics and Finance.
[Downloadable!]
Andrei Shleifer, 1998.
"State Versus Private Ownership ,"
NBER Working Papers
6665, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions:
Andrei Shleifer, 1998.
"State Versus Private Ownership ,"
Harvard Institute of Economic Research Working Papers
1841, Harvard - Institute of Economic Research.
Shleifer, Andrei, 1998.
"State versus Private Ownership ,"
Journal of Economic Perspectives ,
American Economic Association, vol. 12(4), pages 133-50, Fall.
[Downloadable!] (restricted) Moshe Justman & Jacques-Francois Thisse, 2000.
"Local Public Funding of Higher Education When Skilled Labor is Imperfectly Mobile ,"
International Tax and Public Finance ,
Springer, vol. 7(3), pages 247-258, May.
[Downloadable!] (restricted)
Nicholas Crafts & Mary O'Mahony, 2001.
"A perspective on UK productivity performance ,"
Fiscal Studies ,
Institute for Fiscal Studies, vol. 22(3), pages 271-306, September.
[Downloadable!]
Steve Bradley & Jim Taylor, 2008.
"Diversity, choice and the quasi-market: An empirical analysis of secondary education policy in England ,"
Working Papers
005802, Lancaster University Management School, Economics Department.
[Downloadable!]
Gary J. Scott, 2000.
"Equal Educational Opportunity and the Significance of Circumstantial Knowledge ,"
Education Economics ,
Taylor and Francis Journals, vol. 8(3), pages 197-208, December.
[Downloadable!] (restricted)
Kjetil Bjorvatn & Alexander Cappelen, 2003.
"Decentralization and the Fate of Minorities ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!]
Selod, Harris & Zenou, Yves, 2002.
"Private versus Public Schools in Post-Apartheid South African Cities: Theory and Policy Implications ,"
CEPR Discussion Papers
3358, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Other versions:
Access and
download statistics Did you know? Use the JEL tree to browse through the database by subfields.
This page was last updated on 2009-11-16.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .