The Political Economy of School Finance Systems With Endogenous State and Local Tax Policies

• 成果类型: Article
• 署名作者: Calabrese, Stephen; Epple, Dennis; Romano, Richard
• 署名单位: University of Sussex; Carnegie Mellon University; State University System of Florida; University of Florida
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/iere.12762
• 发表日期: 2025
• 页码: 1363-1389
• 关键词: fiscal decentralization; property taxation; households differ; Price elasticity; public-goods; equilibrium; income; education; Tiebout; REFORM

摘要

Beginning in the 1970s, many state courts declared the widespread inequality in education spending across schools a violation of their state's constitution. Funding systems then emerged providing differing approaches to state and local support of education. We develop a theoretical framework and characterize outcomes under alternative systems. Our framework has voting over policies in both state and local elections. A counterpart computational model compares equilibrium outcomes under the alternative school finance systems and examines across state differences in expenditures. The model predicts that voters prefer systems with mixed state and local finance with designs mirroring those observed in practice.