This paper sets out a new budget allocation formula for schools, designed to achieve a more equitable distribution of educational achievement. In addition to needs-based elements, the suggested composite allocation formula includes an improvement component, whereby schools receive budgetary allocations based on a new incentive measure developed in…

While there is a wealth of research on school finance equity and adequacy, and school finance theory clearly documents differences between the two concepts, no study has examined whether the reforms engendered by each approach actually differ in terms of resource distribution. The present study examines the issues using district-level data on…

Funding, equity, and efficiency of higher education are three dimensions of higher education that have been of increasing interest to scholars and policy-makers during the past two decades in Europe and elsewhere. Analysing these phenomena and the relations between them is the main topic of this paper, considering the funding system as the basic…

The present paper starts by discussing the principles of public funding of universities. The size of the social returns to investment in education gives an indication regarding the most efficient use of resources, while the difference between the private and the social rates relates to issues of equity. The available evidence is contrasted to…

The recent court decision in Ohio requires that school districts spend a sufficient amount to insure that students are able to meet outcome objectives. Determination of adequate spending is complicated by the influence that fixed socioeconomic factors have on outcome provision; adequate spending will vary depending on the harshness of the…

Direct provision of public services can alter the balance of resources across income groups. We focus on the issues arising when taking account of the impact of publicly provided education services across the income distribution. We combine OECD information on spending per student in particular levels of the education system with micro data from…

Recent literature on Brazilian educational finance has documented low expenditure levels and problems of efficiency, efficacy, and equity. This paper analyzes financial data from Bahia state "municipios" and examines revenue and expenditure trends to explain variations in financial commitment across "municipios." Local interest…

Presents a framework for financing lifelong learning that will be more comprehensive, efficient, equitable, and flexible than the existing approach. Specifies essential components of lifelong learning and raises question of who should pay. Suggests a system for constructing both international and national databases on lifelong learning that can…

Surveys costs of education in China, focusing on three areas: national expenditures on education; unit cost of education; and educational cost functions. Relates the analysis of education costs to four enduring policy issues: resource mobilization, inequality, inequity, and inefficiency. Compared with other Asian countries, China's public…

This paper provides a concise overview and critique of the proceedings of the 1992 annual conference of the American Education Finance. Issues addressed include new finance mechanisms for educational provision, spatial inequities, the funding of special needs education and the impact of expenditures on pupil performance. (Author)

In an analysis of higher education in Fiji, this study incorporates the tax system in a model of the returns to education. Rather than subsidizing higher education, the public generates a significant financial benefit from its funding of higher education, in addition to profits made by the individual student. Contains 27 references. (MLH)

Provides empirical evidence concerning the education/earnings distribution relationship in South Africa. Investment in education is directly related to earnings across racial groups. An increase in the average education level is associated with a narrower dispersion of earnings. A more equal education distribution is associated with a more equal…

Recently, monies allocated to the additional educational needs (AEN) component of (Britain's) standard spending assessment (SSA) have decreased markedly. The strategy for determining the AEN weighting (to aid socially deprived and ethnic-minority students) is undermined by central-government spending constraints. Weighting should be determined by…

Notes increased local government autonomy can cause broader inequalities in educational supply. Analyzes Norwegian municipalities' priorities concerning basic education, focusing on teaching input, class size, and administrative outlays for 1980-92. Findings show resource input has increased, teacher-student ratio is insensitive to local revenue…