The downward enrollment trend shown in this year's "AS&U" 100--a compilation of the nation's 100 largest school districts--is unmistakable. Added together, the 100 largest districts had 10,708,137 students in 2006-2007, compared with 10,763,959 in 2005-2006. Even districts that showed steady growth throughout the 1990s and the early…

Within the general framework of a multifactor term structure model, the fundamental partial differential equation (PDE) satisfied by a default-free zero-coupon bond price is derived via a martingale-oriented approach. Using this PDE, a result characterizing a model belonging to an exponential affine class is established using only a system of…

Uses ordinary least-squares multivariate regression analysis to determine if jurisdictional types vary in their willingness to increase taxation for schools, employing 892 education fund referenda conducted in Illinois from 1981 to 1989. Outcomes do differ by jurisdiction type. The strongest predictor is willingness to pay for higher taxes. (29…