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An Empirical Framework for Large-Scale Policy Analysis, with an Application to School Finance Reform in Michigan

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  • Maria Marta Ferreyra

    (Carnegie Mellon University)

Abstract

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.

Suggested Citation

  • Maria Marta Ferreyra, 2008. "An Empirical Framework for Large-Scale Policy Analysis, with an Application to School Finance Reform in Michigan," 2008 Meeting Papers 609, Society for Economic Dynamics.
  • Handle: RePEc:red:sed008:609
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    References listed on IDEAS

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    1. Keane, Michael & Moffitt, Robert, 1998. "A Structural Model of Multiple Welfare Program Participation and Labor Supply," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(3), pages 553-589, August.
    2. Michael P. Keane & Kenneth I. Wolpin, 2007. "Exploring The Usefulness Of A Nonrandom Holdout Sample For Model Validation: Welfare Effects On Female Behavior," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 48(4), pages 1351-1378, November.
    3. Aaronson, Daniel, 1999. "The Effect of School Finance Reform on Population Heterogeneity," National Tax Journal, National Tax Association;National Tax Journal, vol. 52(1), pages 5-29, March.
    4. Caroline M. Hoxby, 2001. "All School Finance Equalizations are Not Created Equal," The Quarterly Journal of Economics, Oxford University Press, vol. 116(4), pages 1189-1231.
    5. Joydeep Roy, 2011. "Impact of School Finance Reform on Resource Equalization and Academic Performance: Evidence from Michigan," Education Finance and Policy, MIT Press, vol. 6(2), pages 137-167, April.
    6. Epple, Dennis & Ferreyra, Maria Marta, 2008. "School finance reform: Assessing general equilibrium effects," Journal of Public Economics, Elsevier, vol. 92(5-6), pages 1326-1351, June.
    7. Papke, Leslie E., 2005. "The effects of spending on test pass rates: evidence from Michigan," Journal of Public Economics, Elsevier, vol. 89(5-6), pages 821-839, June.
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    Cited by:

    1. Maria Marta Ferreyra, 2009. "Contracting for Educational Achievement," 2009 Meeting Papers 850, Society for Economic Dynamics.

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