Essays on Public Finance and the Economics of Education

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.6/5 (721 download)

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Book Synopsis Essays on Public Finance and the Economics of Education by : Ethan Jesse Krohn

Download or read book Essays on Public Finance and the Economics of Education written by Ethan Jesse Krohn and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation includes three chapters public finance and the economics of education. It examines questions regarding the less tangible inputs into the education production function including school climate, morale, and peer effects. In the first chapter, I examine the impacts of school bond measures in California. California school districts spent over $6 billion in capital spending in 2014 and voted on 1,966 school bond measures between 1995 and 2016 meant to finance capital spending, yet it is unclear from the literature what effect capital spending has on student outcomes or whether there are other effects caused by passing school bond measures. I expand this literature by looking at the effect of passing school bond measures on standardized test scores in California using a dynamic regression discontinuity design. I find considerable increases in capital spending after a bond measure passes that is largely explained by spending on construction. I also find a large positive and immediate divergence in test scores and in proficiency rates between the districts close to the vote-share threshold that pass and that fail to pass school bond measures. This divergence starts the year of the elections and is difficult to explain based on the change in capital spending. Furthermore, this effect lasts several years. I further explore this effect by looking at the effects on teacher and staff turnover. My second chapter is a descriptive study of the birth impacts of the dragon year of the Chinese zodiac. In Chinese culture, children born during the year of the dragon are thought to be luckier and more successful. This leads to increases in fertility for Chinese parents in that year as well as possible changes in how those children are raised. Several studies have argued either that differences between children born during the dragon years are driven by increases in parental involvement or that dragon years can be used as a source of exogenous changes in Chinese populations. I explore these findings by looking at birth outcomes to Chinese mothers in the United States. I find that children born to Chinese mothers during dragon years are healthier at birth than those born to Chinese mothers in other zodiac years. I also find that there is selection into Chinese mothers who have children during dragon years with those mothers tending to be more educated and have had more previous children. In the third chapter, I investigate the effects of peer quality from an increase in classroom diversity using variation induced by the Chinese zodiac. In Chinese culture, children born during the year of the dragon are thought to be luckier and more successful. Other work has shown that there are differences between Chinese children born during the year of the dragon and those born in other zodiac years, and that in China parents of dragon children are more involved in their schooling. There are also increases in fertility to Chinese parents during the year of the dragon. Here I look first at the combined peer effects from the increase in the number of Chinese students and the the differences in Chinese students during dragon years. Then I isolate how those differences affects their peers by controlling for the percentage of Chinese students. Using standardized test scores in California, I find that exposure to Chinese students born during the year of the dragon lowers the standardized test scores of other students in their schools. This is effect is particularly pronounced in Hispanic students.

Three Essays on Public Finance and Economics of Education

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ISBN 13 :
Total Pages : 342 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Three Essays on Public Finance and Economics of Education by : Estelle P. Dauchy

Download or read book Three Essays on Public Finance and Economics of Education written by Estelle P. Dauchy and published by . This book was released on 2007 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essays on the Economics of Education and Fiscal Federalism

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ISBN 13 :
Total Pages : 210 pages
Book Rating : 4.:/5 (992 download)

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Book Synopsis Essays on the Economics of Education and Fiscal Federalism by : David Coyne

Download or read book Essays on the Economics of Education and Fiscal Federalism written by David Coyne and published by . This book was released on 2017 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation focuses on topics related to public finance and explores the incidence of policies on residents and firms. Chapter 1 asks how school districts choose to allocate their limited funding across constituent schools. It finds that school accountability policies can explain some of the variation in within-district funding, specifically finding that districts target schools that are relatively close to school accountability rating thresholds, which are based on the percent of students passing a standardized achievement test in the Texas sample analyzed. It predicts that a typical school receives 2.5 percent more per pupil funding for each percentage point closer it is to a rating threshold. This effectively redistributes funding away from schools who are not close to these rating thresholds, including very high- and very low-performing schools. Chapter 2 asks how local fiscal outcomes respond to changes in federal deductibility of state and local taxes. It finds that raising the tax price of state and locally provided goods and services by 1 percent through limiting the deduction lowers the use of local deductible taxes by 3.5 percent and lowers the total expenditures of local governments by over 2 percent. It further finds that completely cutting the deduction for state and local taxes would not disproportionately hurt resource-poor areas, making such limits potentially progressive policy options. Chapter 3 analyzes how taxes are passed through to consumers around state borders in the context of state motor fuels taxes. Using high frequency price data and precise location data for gas stations it compares how prices change in response to changes in tax rates both near state borders and on the interior of states. It finds that stations near a border pass through about 43 percentage points less of a tax than those on the interior of a state. Furthermore, it shows evidence of tax spillovers, with stations near a border passing through about 35 percent of tax changes from neighboring states. The results suggest that the incidence of a state motor fuels tax falls relatively more heavily on residents towards the interior of a state and on firms closer to state borders.

Essays in Public Finance

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ISBN 13 : 9789172585973
Total Pages : 71 pages
Book Rating : 4.5/5 (859 download)

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Book Synopsis Essays in Public Finance by : Tatiana Damjanovic

Download or read book Essays in Public Finance written by Tatiana Damjanovic and published by . This book was released on 2002 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Explorations in Public Sector Economics

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Publisher : Springer
ISBN 13 : 3319478281
Total Pages : 220 pages
Book Rating : 4.3/5 (194 download)

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Book Synopsis Explorations in Public Sector Economics by : Joshua Hall

Download or read book Explorations in Public Sector Economics written by Joshua Hall and published by Springer. This book was released on 2016-12-03 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a collection of never-before-published papers from some of the most prominent voices in public economics. Curated by the current director of the Public Choice Society, the papers presented showcase the work of recognized leaders in the field, including a Nobel Laureate (Gary Becker), Past Presidents of the Public Choice Society (Larry Kenny, Edward Lopez), the Past President of the Southern Economic Association (Dwight Lee) and some of the most notable public choice economists (Bruce Benson, Russell Sobel, JR Clark, Art Denzau, Morris Coats, Richard Vedder). Among the broad list of topics covered are voting, education quality, environmental issues, externality theory, and public goods theory. This volume makes an important contribution to the field by making new perspectives on a variety of topics accessible to researchers. This book will be of interest to economists, political scientists, and researchers interested in public policy.

Essays on the Political Economy of Education Finance

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.4/5 (711 download)

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Book Synopsis Essays on the Political Economy of Education Finance by : Qing Zhao

Download or read book Essays on the Political Economy of Education Finance written by Qing Zhao and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Local government spending on K-12 public education typically comprises almost half of total spending on K-12 public education in the United States. Local governments typically rely on funds from property tax levies to finance the yearly operating budget for local public schools in their district. These property taxes are often the outcome of a process that is political in nature, since local tax levies may be subject to a voter referendum. This dissertation gives new contributions to the study of these voter referenda and their implications for public finance using both theoretical and empirical approaches.In an economic downtown, the question of how local funding for schools responds to losses in state aid and disposable income becomes even more pressing. Using an agenda setter model with uncertainty over voter turnout, I develop a systematic approach to analyzing the effects of income and grant aid changes on local property tax levies, overall funding for schools, and the probability of referenda passing. The analysis uses certain properties of indifference curves for normal goods. I also show that budget-maximizing school boards in homogeneous districts choose budget proposals that have high rates of voter support.The empirical chapter provides an investigation of the outcomes of New Jersey K-12 public school budget referenda. For failed budget proposals, school budget cuts are determined by local governing bodies whose decisions are not specified by law. Using a unique compilation of voting, demographic, and school finance data including school budget proposals and outcomes, this study tests and supports the hypothesis that local governing bodies choose larger reductions for those budget proposals that are larger and more unpopular. Additionally, I analyze the voter support for the referendum and test whether larger proposed tax levies are associated with higher levels of voter opposition. I find that the effect of a larger proposal on the level of voter opposition depends on the circumstances that surround the larger proposal, and I propose two theories that explain the different effects. Furthermore, I find that the level of educational attainment of a district is an important predictor for school budget referendum success.

Essays on Economics of Education and Public Policy

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ISBN 13 :
Total Pages : 136 pages
Book Rating : 4.:/5 (15 download)

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Book Synopsis Essays on Economics of Education and Public Policy by : Gonzalo Gaete Romeo

Download or read book Essays on Economics of Education and Public Policy written by Gonzalo Gaete Romeo and published by . This book was released on 2017 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Three Essays on the Public Economics of Education

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (493 download)

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Book Synopsis Three Essays on the Public Economics of Education by : Darío Maldonado

Download or read book Three Essays on the Public Economics of Education written by Darío Maldonado and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essays on Public Finance and Political Economy

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (86 download)

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Book Synopsis Essays on Public Finance and Political Economy by : Oliver Denk

Download or read book Essays on Public Finance and Political Economy written by Oliver Denk and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Public policies are an important determinant of the welfare of individuals and the society at large. Economic and political institutions in turn have a powerful influence on the choice of public policies. It is therefore essential to understand the economic consequences of institutional design for policy and by implication welfare. The different chapters of this thesis all combine theoretical, empirical, and numerical methods to analyze the welfare impact of specific economic and political institutions. The two types of institutions that are the focus of my research are social security (Chapter 1) and multi-layer democracies (Chapters 2 and 3). Chapter 1 characterizes the optimal system of disability insurance and retirement programs over the life-cycle, when the government has access to imperfect information on the health of individuals. It then presents estimates of the welfare gains that are to be expected from its implementation. The two subsequent chapters study the role that the national popularity of political parties plays for the provision of public goods and services at the local level and examine the resulting effects on welfare. Chapter 2 illustrates how such national swings shape the composition of the local legislature and, to the extent that members of different parties have different policy preferences, distort policies. Chapter 3, in contrast, shows that the existence of national swings may or may not improve local accountability and hence policy outcomes, depending on the degree of political competition that would otherwise prevail in the sub-national entities.

Three Essays on Public Economics and Public Finance

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (573 download)

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Book Synopsis Three Essays on Public Economics and Public Finance by :

Download or read book Three Essays on Public Economics and Public Finance written by and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Retrospectives on Public Finance

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Publisher : Durham : Duke University Press
ISBN 13 :
Total Pages : 432 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Retrospectives on Public Finance by : Carl Sumner Shoup

Download or read book Retrospectives on Public Finance written by Carl Sumner Shoup and published by Durham : Duke University Press. This book was released on 1991 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Retrospectives on Public Finance contains original analyses by internationally recognized public finance scholars, including Carl Sumner Shoup, one of the discipline's most famous practitioners. Shoup, along with Richard Musgrave and his students, pioneered the "prescriptive" or "political economy school" of public finance known for its hands-on approach and its commitment to applying theory to real world problems. Each contributor provides a retrospective on Shoup's various contributions to the field, reviewing the literature and assessing its relevance to current problems in public finance theory and policy. The essays highlight and analyze fiscal theory and public policy developments from the 1930s to the present in four areas: the Shoup tax missions to Japan, Venezuela, and Liberia; the tax mix; the expenditure mix; and macro public finance. Contributors. Lorraine Eden, Carl S. Shoup, Malcolm Gillis, Minoru Nakazato, Charles E. McLure Jr., John Bossons, Richard Goode, William Vickery, Wayne Thirsk, John Graham, Stanley Winer, W. Irwin Gillespie, Melville L. McMillan, Cliff Walsh, John G. Head, Enid Slack, Edwin G. West, Richard M. Bird, Peggy B. Musgrave, Douglas A. L. Auld, John B. Burbidge, Jack M. Mintz, John Sargent, Richard A. Musgrave

Essays on the Economics of Education

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Publisher : W E Upjohn Inst for
ISBN 13 : 9780880991414
Total Pages : 183 pages
Book Rating : 4.9/5 (914 download)

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Book Synopsis Essays on the Economics of Education by : Western Michigan University. Dept. of Economics

Download or read book Essays on the Economics of Education written by Western Michigan University. Dept. of Economics and published by W E Upjohn Inst for. This book was released on 1993-01-01 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essays on Finance, Accountability, and Publication Bias in the Economics of Education

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ISBN 13 :
Total Pages : 107 pages
Book Rating : 4.:/5 (18 download)

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Book Synopsis Essays on Finance, Accountability, and Publication Bias in the Economics of Education by : Patrick Sean Tanner

Download or read book Essays on Finance, Accountability, and Publication Bias in the Economics of Education written by Patrick Sean Tanner and published by . This book was released on 2018 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: School quality exerts a significant impact on children well beyond their school-age years. High quality primary and secondary schools improve educational attainment, reduce criminal behavior, and increase labor market performance. Decades of federal and state policy efforts have sought to ensure broad access to effective schools. Two of the most consequential reform efforts of the past thirty years, school accountability and financial adequacy reforms, have been moderately successful at raising average performance on standardized tests of literacy and numeracy, yet critics contend that these gains mask serious limitations. In the pages that follow, I address salient concerns of each policy by analyzing the impact of No Child Left Behind on social emotional development and the impact of California’s recent school finance reform, the Local Control Funding Formula. I conclude with an assessment of publication bias in policy-relevant scholarship.

Empirical Essays in the Economics of Education

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ISBN 13 :
Total Pages : 152 pages
Book Rating : 4.:/5 (769 download)

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Book Synopsis Empirical Essays in the Economics of Education by : Sarah Rosen Frank

Download or read book Empirical Essays in the Economics of Education written by Sarah Rosen Frank and published by . This book was released on 2009 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation examines low-income college attendance and financial aid. The first chapter is an overview of the field and reviews relevant literature. The second chapter examines the growing income gradient in education. Using data from the National Education Longitudinal Study of 1988, I observe an income gradient in academic achievement in 8th grade, and demonstrate that it grows over the course of the students' education. This paper sheds light on this phenomenon by examining five critical steps on the way to a degree (middle school achievement, academic preparation in high school, applying to college, enrolling in a four-year college, and graduating) and the junctions between them. For each junction, I decompose the overall income difference in the probability of success and find poor students are disadvantaged in three ways: they start off behind; when they successfully complete a step, they are less likely to proceed to the next step; and missing a step hurts their future chances more than it hurts those of higher-income students. I find the last factor explains a surprisingly large amount of the income gradient. Wealthy students do, in fact, falter on their way to college but they are more likely to graduate from college anyway. Another key result is, conditional on being academically prepared and applying to college, students across the income distribution enroll in four-year colleges at essentially the same rate. Thus, while income plays a large role in college enrollment, it is due almost entirely to differences in academic qualifications and application behavior. This suggests policies attempting to increase low-income college enrollment should focus earlier. The third chapter examines early commitment financial aid programs, a relatively new category of financial aid that typically enrolls low-income students while still in middle school, guaranteeing them financial assistance for college in exchange for fulfilling certain requirements. By removing uncertainty about college affordability for young students, these programs aim to increase high school preparation and ultimately college attendance. In this chapter, I examine the impact of Indiana's Twenty-first Century Scholars Program, the first public state-wide early commitment program, on high school retention, college enrollment, and Pell Grant receipt. Using a unique dataset with information from the State Student Assistance Commission of Indiana and the U.S. Department of Education's Office of Postsecondary Education, I find positive effects of the early commitment program on all three outcomes. A 10 percentage point increase in program enrollment can be expected to increase high school retention by 2.1 to 2.7 percentage points and Pell Grant receipt by 0.9 to 3.0 percentage points. I find that the program also increased four-year college enrollment by 2.2 to 2.4 percentage points. The results suggest that most scholarships are awarded to students who would not have attended college in the absence of the program. Moreover, the program's effects on college enrollment are considerably larger than the expected effects of grant aid alone. These results suggest that the incentive structure of early commitment programs can increase educational attainment among lower-income students.

Essays on Public Economics and Banking

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ISBN 13 :
Total Pages : 348 pages
Book Rating : 4.:/5 (99 download)

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Book Synopsis Essays on Public Economics and Banking by : Hua Cheng (Ph. D.)

Download or read book Essays on Public Economics and Banking written by Hua Cheng (Ph. D.) and published by . This book was released on 2017 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation presents two lines of research on public finance and banking respectively. The research on public finance explores the source of China’s state capacity, including fiscal capacity and the bureaucracy, and whether such state capacity promotes economic development. The research on banking discusses the discrimination in China’s bank loan markets, and the role of political connections and policy uncertainty in affecting bank risk-taking in the United States. My first chapter is about the state capacity in China. We offer a comprehensive study on the causal effects of state capacity in explaining China's spectacular economic growth, using rich historical variation and various outcomes in economic performance, education, health care, finance, and social unrest. Our estimates indicate that fiscal capacity has significantly positive impacts. However, a large size of bureaucracy plays a much weaker role, and it cannot reduce the incidence of protests, suggesting the existence of overstaffing in the public sector. The second chapter analyzes costly discrimination related to physical attractiveness and gender in bank loan markets using a market structure-based method. The rationale is that a concentrated market provides more space for loan officers to discriminate against a certain group of borrowers. We find that loan officers prefer good-looking people and males in relatively risky commercial/industrial loan markets. On the other hand, females and especially young good-looking females have an advantage in mortgage loan markets. We interpret these different patterns of favoritism as a result of differential risk levels associated with the two types of loans. The third chapter studies how political connections and their interaction with economic policy uncertainty affect banks' risk-taking. Our hypothesis is that policy uncertainty increases the option value of waiting but political connections can reduce such option value. We find when policy uncertainty is low, politically connected banks have a weaker tendency to take on more risk than those without political connections and enjoy the quiet life. However, when policy uncertainty is high, politically connected banks have much larger amounts of loans, but smaller amounts of loss provision than those without political connections.

Public Economics

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Publisher : SAGE Publications
ISBN 13 : 8132105028
Total Pages : 374 pages
Book Rating : 4.1/5 (321 download)

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Book Synopsis Public Economics by : M Govinda Rao

Download or read book Public Economics written by M Govinda Rao and published by SAGE Publications. This book was released on 2011-01-06 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amaresh Bagchi, Indian economist; contributed articles.

Two Essays on the Political and Normative Aspects of American School Finance

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ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Two Essays on the Political and Normative Aspects of American School Finance by : G. Alan Hickrod

Download or read book Two Essays on the Political and Normative Aspects of American School Finance written by G. Alan Hickrod and published by . This book was released on 1987 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: