District expenditures and efficiency can be influenced by the entry of charter schools. Loss of economies due to reduced enrollments and a rising share of high-cost students are some of the key mechanisms that could potentially increase the costs of providing education in district schools. The competitive pressure from charter schools could also…

Community colleges are the linchpin of the nation's current efforts to increase the proportion of adults with postsecondary education. Yet, despite the significant historical role community colleges have played in expanding access to higher education, there are reasons to question whether community colleges are equipped to supply these additional…

The relationship between educational expenditures and student achievement is a debate that has taken place over the course of nearly four decades. Accordingly, some researchers have labeled this question the "holy grail" of school finance (Stiefel, Schwartz, Rubenstein, & Zable, 2005). Most scholars trace this debate to the…

The Great Recession induced by the financial crisis accelerated the decades of declining state funding support for U.S. public higher education, while simultaneously bringing increased political pressures for demonstrating improvements in the operating efficiencies among all universities and colleges. The purpose of this paper is twofold. First,…

A new approach is suggested that depends on and measures how spending on higher and basic education is really an investment in the future, not consumption spending. This is a vital distinction because investment in human capital contributes heavily to growth and development, but also to higher state tax revenue and lower Medicaid, child care,…

The institutional costs of higher education have been rising. With diminishing public support per student, tuition and fees private costs have also been rising. But so have the real earnings of college graduates. Are there still sufficient incentives on efficiency grounds for additional public investment in higher education? And in particular,…

Severe fiscal tensions threaten U.S. public higher education. Many policy solutions have been suggested, but it is difficult to subject these qualitative ideas to rigorous empirical evaluation. In this work, we employ an agent-based model of a representative state-funded public university system (including a flagship campus, an urban campus, and…

In an era of increased accountability and challenging times for public finance, charter schools built on decentralization, grassroots accountability, and market forces may provide, in the spirit of "educational laboratories," lessons for increasing student achievement more efficiently through diverse and innovative management,…

This article examines the relative production efficiency of school districts in Georgia using the modified quadriform method. Overall, we find that the modified quadriform allows state-level policymakers to access a basic tool for analysis that makes relative comparison of school district productivity for use in policy analysis and policy…

This article explores issues of persistent poverty and income inequality. The major focus is that of the alleviation of poverty. Is there a framework that delineates the roles for government, market forces and self-reliance that can effect a reduction in the level of poverty? The Personal Responsibility and Work Opportunity Reconciliation Act…

Examines the connection between resource allocation and its anticipated results by emphasizing the multi-level nature of the educational system, the importance of nonpurchased resources, and the effect on learning of both the manner in which the classroom is structured and the mix of peers with whom students learn. (Author/IRT)

Empirically evaluates three measures of effectiveness of school district cash management: the rate of return method in common use and two new measures--efficiency rating and Net Present Value (NPV). The NPV approach allows examination of efficiency and provides a framework for evaluating other areas of educational policy. (Author/IRT)

Analyzes the efficiency of earmarking lottery revenues. Findings suggest that this practice does not benefit the statutory recipients. Earmarking has been concurrent with declining educational expenditures in real terms in all five education lottery states. Education expenditure trends of the six nonlottery states are indistinguishable from those…

Examines merit pay in terms of utility maximization, which assumes an employee exerts an amount of effort providing the greatest individual utility. Pay incentives succeed when technologies are clearly specified, productivity is easily measurable, employees understand the reward structure, and risk and uncertainty are minimal. Includes 11…

Ostensibly, state governing and coordinating boards have been established to reduce unwarranted duplication of effort and costly competition and to increase overall efficiency of higher education operations. As this study shows, there is some indication that these objectives have been achieved, but additional research is needed to develop clear…