This study investigates how individual states raise revenue to pay for elementary-secondary education spending after a school finance reform (SFR). We consider 24 states that implemented SFRs between 1989 and 2005. Using a synthetic control approach, we identify six case-study states (Arkansas, Kansas, Maryland, Michigan, New Hampshire, and…

We study the effects of increased school spending in rural American school districts by leveraging the introduction and subsequent expansion of Wisconsin's Sparsity Aid Program. We find that the program, which provides additional state funding to small and isolated school districts, increased spending in eligible districts by 2% annually and that…

The Child Care and Development Fund (CCDF) subsidizes child care costs to help low-income families afford care. Reimbursements for cost-subsidized care are paid to child care providers; however, per-child reimbursements are extremely low compared with market rates and actual cost of care. We examine how the 2014 CCDF reauthorization, which…

During the Great Recession and in the years that immediately followed, previous research has well-documented that U.S. public school districts receiving larger shares of their funding from state governments experienced larger declines in expenditures per student, as the GR impacted state tax bases more than it impacted local tax bases. Using…

This paper studies how school spending impacts student achievement by exploiting the US interstate branching deregulation as state tax revenue shocks. Leveraging school finance data from universal school districts, our difference-in-differences estimation reveals that deregulation leads to an increase in per-pupil total revenue and expenditure.…

States are increasingly adopting changes to K-12 funding systems in order to promote and encourage student engagement in secondary-level career and technical education (CTE). Two of the most prevalent reforms include: a) establishing tiered weights for CTE in school funding formulas based on the connection between a program of study and workforce…

This study found that the MATC Promise increased college attainment by encouraging Milwaukee high school students to access state and federal aid, and to consider matriculating to their local two-year college. The MATC Promise exemplifies the last-dollar model of college aid. If seniors at Milwaukee area public high schools complete academic…

Discussion of the rising price of higher education and associated student debt in America has been a key feature of political discourse in recent memory, with renewed interest sparked by the announcement of the student loan forgiveness plan. Federal student debt has increased by 756% since 1995, and total student debt tripled from 2007 to 2022.…

Since 2018, institutions of higher education have been aware of the "enrollment cliff" which refers to expected declines in future enrollment. This paper attempts to describe how prepared institutions in Ohio are for this future by looking at trends leading up to the anticipated decline. Using IPEDS data from 2012-2022, we analyze trends…

School finance inequities are a key driver of disparities in educational outcomes. Higher per-pupil funding levels allow schools to provide more qualified educators, smaller class sizes, and high-quality physical resources such as modern instructional technology. We study how Washington state school districts generate and allocate funding for…

This paper contributes to our understanding of American education politics by exploring when and why states redistribute K-12 education dollars to poorer schools. It does so by examining three explanations for intra-state changes in progressivity: court-ordered finance reforms, political trends, and demographic changes. Using state-level data from…

School finance reforms are not well defined and are likely more prevalent than the current literature has documented. Using a Bayesian changepoint estimator, we quantitatively identify the years when state education revenues abruptly increased for each state between 1960 and 2008 and then document the state-specific events that gave rise to these…

Many empirical studies have established that financial aid improves college attainment. Few have been able to test why. This study used administrative records of employment and earnings to get a more complete picture of students' finances during college and test one potential mechanism, that financial aid buys students time by allowing them to…

The absence of federal support leaves undocumented students reliant on state policies to financially support their postsecondary education. We descriptively examine the postsecondary trajectories of tens of thousands of undocumented students newly eligible for California's state aid program, using detailed application data to compare them to…

This paper takes a novel time series perspective on K-12 school spending. About half of school spending is financed by state government aid to local districts. Because state aid is generally income conditioned, with low-income districts receiving more aid, state aid acts as a mechanism for risk sharing between school districts. We show that…