The Impact Of Facilities On The Cost Of Education
AbstractThis paper uses new data on school district capital stocks, stochastic frontier analysis, and a value-added measure of school quality to provide the first direct evaluation of the relationship between school facilities and school district costs. We find that the cost of education increases as the capital stock increases, suggesting either that school districts are grossly overcapitalized or that nicer facilities reflect an important, unmeasured dimension of school quality. We also find that cost function estimates for Texas are largely insensitive to the exclusion of the capital stock measures, suggesting that stochastic frontier cost function estimates without a capital stock measure are unlikely to be biased.
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Bibliographic InfoArticle provided by National Tax Association in its journal National Tax Journal.
Volume (Year): 64 (2011)
Issue (Month): 1 (March Citation: 64 National Tax Journal 193-218 (March 2011))
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- Jennifer Imazeki & Andrew Reschovsky, 2006. "Does No Child Left Behind Place a Fiscal Burden on States? Evidence from Texas," Education Finance and Policy, MIT Press, vol. 1(2), pages 217-246, April.
- Randall Reback, 2006.
"Teaching to the Rating: School Accountability and the Distribution of Student Achievement,"
0602, Barnard College, Department of Economics.
- Reback, Randall, 2008. "Teaching to the rating: School accountability and the distribution of student achievement," Journal of Public Economics, Elsevier, vol. 92(5-6), pages 1394-1415, June.
- Duncombe, William & Yinger, John, 2005. "How much more does a disadvantaged student cost?," Economics of Education Review, Elsevier, vol. 24(5), pages 513-532, October.
- Andrew Reschovsky & Jennifer Imazeki, 2003. "Let No Child Be Left Behind: Determining the Cost of Improving Student Performance," Public Finance Review, , vol. 31(3), pages 263-290, May.
- Stephanie Riegg Cellini & Fernando Ferreira & Jesse Rothstein, 2010. "The Value of School Facility Investments: Evidence from a Dynamic Regression Discontinuity Design," The Quarterly Journal of Economics, MIT Press, vol. 125(1), pages 215-261, February.
- Gronberg, Timothy J. & Jansen, Dennis W. & Taylor, Lori L., 2012. "The relative efficiency of charter schools: A cost frontier approach," Economics of Education Review, Elsevier, vol. 31(2), pages 302-317.
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