Also known as The Nation's Report Card, the National Assessment of Educational Progress (NAEP) is the largest nationally representative and continuing assessment of student achievement and their learning experiences in various subjects for the nation, states, and 27 urban districts. The National Center for Education Statistics (NCES) is currently…

A recent literature provides new evidence that school resources are important for student outcomes. In this paper, we show that school finance reform-induced increases in student performance are driven by those states that had test-based accountability policies in place at the time. By incentivizing school improvement, accountability systems (such…