Education spending in an aging America

• 成果类型: Article
• 署名作者: Harris, AR; Evans, WN; Schwab, RM
• 署名单位: Congressional Budget Office; University System of Maryland; University of Maryland College Park
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/S0047-2727(00)00133-X
• 发表日期: 2001
• 页码: 449-472
• 关键词: public education financing; Aging

摘要

In this paper we use a national panel of public school districts to study the impact of an aging population on public education spending. In contrast to previous analyses that use state-level data, we find that the elderly have only a modest overall negative effect on education spending at the district level. Our results confirm, however, that a growing share of elderly at the state level tends to depress state spending on education. These results are consistent with the hypothesis that the elderly believe only higher local spending is capitalized into house values. (C) 2001 Elsevier Science B.V. All rights reserved.