THE DEMAND FOR EDUCATION WITH POWER EQUALIZING AID - ESTIMATION AND SIMULATION
成果类型：
Article; Proceedings Paper
署名作者：
ROTHSTEIN, P
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/0047-2727(92)90017-A
发表日期：
1992
页码：
135-162
关键词：
摘要：
State grants-in-aid modify the full fiscal income and tax price for education services faced by voters in local school districts. If aid is non-linear in the local property tax rate, as occurs with District Power Equalization coupled with an aid floor, then individual budget constraints are non-linear and least squares estimation is inappropriate. We develop and estimate a model that incorporates these effects, derive and extensively illustrate the comparative statics, present global and local elasticities, and simulate the impact of parameter changes on the variance of spending and the cost of the program.
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