In assessing educational equity among school districts, according to the authors, researchers should control for differences across districts in the prices of educational inputs. This paper tests a suggested index for one educational input, teacher salaries. The suggested teacher-salary index, based on a supply-and-demand model using 12 demand and…

There are several ways to construct an education price index (EPI). This report represents an attempt to identify methods and procedures for producing an accurate measure of educational resource input price indices. The methods are largely mathematical equations that link student achievement to the unique social, political, and economic costs of…

The three papers in this volume describe exploratory efforts to adjust state aid to local school districts so as to reflect differences in local costs unrelated to school program content. Each study is limited to an analysis of relevant data for one of the three states considered--Michigan, California, and Florida. The underlying assumption is…