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Candelaria, Christopher A.; Shores, Kenneth A. – Education Finance and Policy, 2019
We provide new evidence about the effect of court-ordered finance reforms that took place between 1989 and 2010 on per-pupil revenues and graduation rates. We account for heterogeneity in the treated and counterfactual groups to estimate the effect of overturning a state's finance system. Seven years after reform, the highest poverty quartile in a…
Descriptors: Educational Finance, Finance Reform, Expenditure per Student, Graduation Rate
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Anderson, Drew M. – Education Finance and Policy, 2019
This study examines how private colleges and universities choose to spend versus reinvest resources in endowment funds that have suffered investment losses. The analysis takes advantage of a market downturn and public policy shift, which together revealed how colleges define prudent spending. Investment losses during the financial crisis of 2008…
Descriptors: Private Colleges, Endowment Funds, Expenditures, Investment
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Costrell, Robert M.; McGee, Josh – Education Finance and Policy, 2019
The value of pension benefits varies widely, by a teacher's age of entry and exit. This variation is masked by the uniform rate of annual contributions, as a percent of pay, to fund benefits for all. For the first time, we unmask that variation by calculating annual costs at the individual level. In California, we find that the value of a…
Descriptors: Retirement Benefits, Teacher Characteristics, Costs, Fringe Benefits
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Evans, William N.; Schwab, Robert M.; Wagner, Kathryn L. – Education Finance and Policy, 2019
We examine the impact of the Great Recession on public education finance and employment. Five major themes emerge from our work. First, nearly 300,000 school employees lost their jobs. Second, schools that were heavily dependent financially on state governments were particularly vulnerable to the recession. Third, local revenues from the property…
Descriptors: Economic Climate, Public Education, Educational Finance, Employment
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Gulosino, Charisse A.; Ciamarra, Elif Sisli – Education Finance and Policy, 2019
This study provides the first systematic analysis of the composition of charter school governing boards. We assemble a dataset of charter school boards in Massachusetts from 2001 to 2013 and investigate the consequences of donor and founder representation on governing boards. We find that the presence of donors on the charter school boards is…
Descriptors: Charter Schools, Donors, Governing Boards, Educational Finance
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Chung, Hwan Il; Duncombe, William; Yinger, John – Education Finance and Policy, 2018
A major feature of the school finance landscape over the last two decades has been the reform of state school finance systems. Using the case of Maryland's Bridge to Excellence in Public Schools Act, this paper extends the current literature by developing a conceptual framework for residential bidding and sorting and using it to estimate housing…
Descriptors: State Aid, Finance Reform, Real Estate, Educational Finance
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Hyman, Joshua – Education Finance and Policy, 2017
This paper examines the effects of requiring and paying for all public high school students to take a college entrance exam, a policy adopted by eleven states since 2001. I show that prior to the policy, for every ten poor students who score college-ready on the ACT or SAT, there are an additional five poor students who would score college-ready…
Descriptors: College Entrance Examinations, High School Students, Public Schools, Educational Finance
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Rosen, Harvey S.; Sappington, Alexander J. W. – Education Finance and Policy, 2016
This paper examines whether university endowment managers think only in terms of the assets they manage or also take into account background income, that is, the other flows of income to the university. Specifically, we test whether the level and variability of a university's background income (e.g., from tuition and government grants) affect its…
Descriptors: Universities, Administrators, Endowment Funds, Educational Finance
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Kaikkonen, Darby – Education Finance and Policy, 2016
Performance-based funding (PBF) in higher education has grown in recent years as a means of institutional accountability and incentive for improving student success. Although most states have successfully implemented their respective systems, research on early funding models suggests a difficult fiscal environment can introduce tension between…
Descriptors: Educational Finance, Higher Education, Accountability, Financial Problems
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Anderson, D. Mark; Walker, Mary Beth – Education Finance and Policy, 2015
School districts use a variety of policies to close budget gaps and stave off teacher layoffs and furloughs. More schools are implementing four-day school weeks to reduce overhead and transportation costs. The four-day week requires substantial schedule changes as schools must increase the length of their school day to meet minimum instructional…
Descriptors: School Schedules, Board of Education Policy, Educational Finance, Budgeting