An Empirical Framework for Large-Scale Policy Analysis, with an Application to School Finance Reform in Michigan
In this paper I develop an empirical framework for the analysis of large-scale policies, and apply it to study the effects of Michigan’s 1994 school finance reform on the Detroit metropolitan area. The framework includes estimating a general equilibrium model of multiple jurisdictions with data before the reform, predicting the post-reform equilibrium, and comparing this prediction with post-reform data to validate the model. According to my analysis, the Michigan reform had little impact on household demographics or school quality in Detroit. The alternative school funding policies analyzed here do not seem to affect school quality much either.
|Date of creation:||2008|
|Date of revision:|
|Contact details of provider:|| Postal: Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA|
Web page: http://www.EconomicDynamics.org/society.htm
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