The Economics of School Reform
Analysis of school reform in the US.
Journal Name or Institutional Affiliation:
NBER -National Bureau of Economics
- The consequences of segregation on school reforms are more ambiguous than initially thought and the productivity consequences are clearer and probably of greater quantitative importance.
- Think jointly about school choice and school finance because financial incentives are the key to the way school choice actually works.
- Structure of school choice and school finance are crucial to how individuals solve their human capital investment problems and how much a society increases its human capital over time.
- Economics is valuable for the analysis of school reform:
- Econometric methods and evaluation techniques are very useful for analyzing school reforms.
- Many of the puzzles in K-12 schooling are related to financing, and most structural school reforms are loosely based on economic arguments.
- Educational systems ought to solve the problem of investment in human capital, which involves some capital market failures and spillovers.
Charter Schools, Choice, Economics, Finance, Funding, Private Schools, Reform, Segregation, Vouchers
Method of Analysis:
Unit of Analysis:
- Summary of her own work. Previous studies on Empirical Evidence on School Choice, Choice Among Public School Districts, Choice between Public and Private Schools, School Reform.