This article revisits the Mincer earnings function and presents comparable estimates of the average monetary returns associated with an additional year of education across different regions worldwide. In contrast to the traditional Ordinary Least Squares (OLS) method commonly employed in the literature, this study applied a cutting-edge approach…

We analyze a natural experiment in which policymakers in Pennsylvania first implemented, and later removed, reimbursements to districts for students exiting to brick and mortar and cyber charter schools. Generalized difference-in-difference models show that larger shares of students enrolling in charter schools predict decrements in spending,…

GM(1,1) and GM(1,1) rolling models derived from grey system theory were estimated using time-series data from projection studies by National Center for Education Statistics (NCES). An out-of-sample forecasting competition between the two grey prediction models and exponential smoothing used by NCES was conducted for education expenditure and…

Household consumption expenditure data is crucial for calculating important welfare measures such as poverty headcount rate. However, collecting such data is difficult and cumbersome. As an alternative, we experiment with three methods--consumption correlates model, poverty probability model, and wealth index principal components analysis…

This research sought to determine whether any measure(s) used in the Carnegie Foundation's classification of Doctoral/Research Universities contribute to a greater degree than other measures to final rank placement. Multilevel Modeling (MLM) was applied to all eight of the Carnegie Foundation's predictor measures using final rank…

Reports an improved methodology for estimating teacher salary costs well in advance of the fiscal year. The Markov approach, based on probabilistic techniques, provided a more accurate prediction of school district personnel costs than did the traditional deterministic technique for the budget year studied. Includes four tables and nine…

The potential impact of the increasing supply of physicians on physician behavior, the cost of medical services, and access to services is addressed in detail in this final research report. Econometric modeling and analyses of economic activity within the health sector were undertaken. An eight equation model of the hospital and physician sectors…

This document presents a model for predicting (1) school district spending per pupil, and (2) the effect of alternative forms of school aid. Constrained maximization equations take account of (1) real expenditure per pupil; (2) real school taxes, income taxes, and nonschool property taxes per household; and (3) homeowner's proportion of property…

A study that forecast the consequences of the projected growth in the number of practicing U.S. physicians during the 1980s and beyond is summarized. Attention was directed to the potential impact of the increasing supply of physicians on physician behavior, the cost of medical services, and access to services. Econometric modeling and analysis of…