The purpose of this article was to present the results of a study that analyzed Pennsylvania local school boards' taxing authority, pre- and post-enactment of Special Session Act 1, "The Taxpayer Relief Act," in 2006, in terms of its percent share of school districts' total budget in order to better understand the impact of the new…

Fundamental tax reform is examined in an overlapping-generations model in which heterogeneous agents face idiosyncratic wage shocks and longevity uncertainty. A progressive income tax is replaced with a flat consumption tax. If idiosyncratic wage shocks are insurable (i.e., no risk), this reform improves (interim) efficiency, a result consistent…

Employed various statistical techniques to measure fiscal equity in Virginia. The new state aid system for financing education was unable to mitigate large and increasing disparities in education revenues between more and less affluent localities and a strong and growing linkage between revenue and wealth. Includes 34 footnotes. (MLH)

Differing methodologies and varied conclusions in research about equity trends in school finance make it impossible to assess national status in school finance reform by using existing studies. Evidence suggests, however, that although horizontal equity has not been achieved, the situation improved from 1940 to 1960 and worsened from 1960 to 1977.…

Uses a typical Lorenz-curve framework to measure inequality of resource allocation in South African education. Although improvements have been achieved over the past two decades, substantial inequalities remain. The current distribution of educational resources is much more unequal than that for developed countries but not as inequitable as that…

The arguments for and against student loans in Singapore are presented, with tables detailing trends in financing higher education. The paper concludes that such conditions as full employment, high private returns to higher education, and an efficient financial infrastructure suggest that student loans can be efficiently and equitably utilized in…