Estimating a public school expenditure model under binding spending limitations |
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| Authors: | Sharon Bernstein Megdal |
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| Affiliation: | 1. Institute for Employment Research Nürnberg (IAB Nürnberg), Regensburger Str. 104, 90478 Nürnberg, Germany;2. German Institute for Economic Research (DIW Berlin), Germany, Leuphana University Lueneburg, Germany;1. Department of Economics, Leiden University, Leiden, the Netherlands;2. Melbourne Institute: Applied Economic & Social Research, The University of Melbourne, Melbourne, Australia;3. IZA-Institute of Labor Economics, Bonn, Germany;4. LCC-The ARC Centre of Excellence for Children and Families over the Life Course, Australia;5. Utrecht University School of Economics, Utrecht University, Utrecht, the Netherlands;1. University of Virginia, NBER and IZA, P.O. Box 400182, Charlottesville, VA 22903-4182, United States;2. University of Zurich, Switzerland;3. University of Richmond, United States;1. University of Chicago, NBER and AEI, United States;2. University of Chicago, United States;3. American Enterprise Institute, United States;1. Fundação Getulio Vargas, School of Public Policy and Government (FGV EPPG), SGAN Quadra 602 Módulo A Av. L2 Norte, Brasília/DF 70830-051, Brazil;2. Fundação Getulio Vargas, Brazilian School of Economics and Finance (FGV EPGE), Edifício Luiz Simões Lopes (Sede), Praia de Botafogo, 190 - 11° Andar, Botafogo, Rio de Janeiro/RJ 22250-900, Brazil |
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| Abstract: | A model explaining desired expenditure on education is estimated for a sample of New Jersey school districts. Because the limit on annual increases in school spending is binding for a subsample of jurisdictions, the Tobit estimation procedure is used. We test for equality of the pre- and postlimitation structures and find substantial similarity. The cap on expenditure increases was part of a court-ordered reform of New Jersey school finance law. The results can be used to explain the failure of the existing school finance laws in lessening expenditure disparities at the lower end of the distribution. |
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