School Finance Equalization Increases Intergenerational Mobility

• 成果类型: Article; Early Access
• 署名作者: Biasi, Barbara
• 署名单位: Yale University
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/718980
• 发表日期: 2023
• 关键词: public-schools; REFORM; education; impacts; income; neighborhoods; teachers; exposure; outcomes; matter

摘要

This paper estimates the causal effect of equalizing revenues across school districts on students' intergenerational mobility. I exploit cohort differences in exposure to equalization generated by state-level reforms. To address the endogeneity of postreform revenues due to household sorting after a reform, I use a simulated-instruments approach that uses newly collected data on states' funding formulas to simulate revenues without sorting. I find that equalization has a large effect on the mobility of low-income students. Reductions in input gaps between low-income and high-income districts are likely channels behind this effect.