The Determinants of Public Education Expenditures: Evidence from the States, 1950-1990
AbstractWe examine a panel data set for the US states over the period 1950-1990 and use it to assess the effects of growth in personal income and number of students on expenditure on public primary and secondary education. Our analysis suggests that the share of personal income devoted to education is roughly constant, implying that per student education expenditures grow at roughly the same rate as personal income per student. We also find evidence that additional factors accounted for an increase in education expenditures over the period 1950-1970.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 5995.
Date of creation: Apr 1997
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Other versions of this item:
- Fernandez, Raquel & Rogerson, Richard, 1997. "The Determinants of Public Education Expenditures: Evidence from the States, 1950-1990," Working Papers 97-16, C.V. Starr Center for Applied Economics, New York University.
- I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
- H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
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