An Empirical Framework for Large-Scale Policy Analysis, with an Application to School Finance Reform in Michigan

• 成果类型: Article
• 署名作者: Ferreyra, Maria Marta
• 署名单位: Carnegie Mellon University
• 刊物名称: AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY
• ISSN/ISSBN: 1945-7731
• DOI: 10.1257/pol.1.1.147
• 发表日期: 2009
• 页码: 147-180
• 关键词: education; RESOURCES; IMPACT; ACCOUNTABILITY; provision; program; equity; MODEL

摘要

In this paper, I develop an empirical framework for the analysis of large-scale policies, and apply it to study the effects of school finance reform on the Detroit metropolitan area. Exploiting school finance reform in Michigan in 1994, I estimate a general equilibrium model of multiple jurisdictions with 1990 data from Detroit, predict the 2000 equilibrium, and compare this prediction with 2000 data to validate the model. I conduct counterfactual simulations using the estimates According to my analysis, feasible revenue-based reforms that ensure spending equity or adequacy have little impact on school quality or household demographics in Detroit. (JEL H75, I22)