School Finance, Equivalent Educational Expenditure, and the Income Distribution: Equal Dollars or Equal Chances for Success?
This article breaks new ground in the debate on school finance and equality of per pupil school expenditures. We are able to merge school district data with the individual and family data of the Panel Study of Income Dynamics (PSID). This allows us to examine both student and school district characteristics and to assess several measures of equality of expenditure across the income distribution of parents and by funding sources. Unlike studies that use district-level data, our study finds a surprising degree of equality in the actual amounts expended per child in low- versus high-income families. But after adjusting expenditures for student body composition to reach equivalent education expenditures, we find a greater inequality in per pupil spending across the income distribution. In addition, there are substantial racial inequalities in expenditures across the income spectrum. In closing we discuss policy implications for school finance and increased equality of educational opportunity. © 2006 American Education Finance Association
Volume (Year): 1 (2006)
Issue (Month): 4 (September)
|Contact details of provider:|| Web page: http://mitpress.mit.edu/journals/|
|Order Information:||Web: http://www.mitpressjournals.org/loi/edfp|
When requesting a correction, please mention this item's handle: RePEc:tpr:edfpol:v:1:y:2006:i:4:p:396-424. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Anna Pollock-Nelson)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.