Measures relative differences in the supply price of teacher inputs (that is, the cost of teacher salaries) so as to provide state aid payments that will equalize real resources per pupil across school districts. Highlights a simultaneous equations model. (Author/JM)

The National Center for Education Statistics (NCES) commissioned the papers in this publication to address advances in measuring education inflation and adjusting for it, as well as to examine the emergence of a new focus on school spending, rather than school district spending, as well as new, private sources of funding for public education, and…