This second edition policy brief revisits the long and storied literature on whether money matters in providing a quality education. It includes research released since the original brief in 2012 and covers a handful of additional topics. Increasingly, political rhetoric adheres to the unfounded certainty that money does not make a difference in…

This policy brief revisits the long and storied literature on whether money matters in providing a quality education. Increasingly, political rhetoric adheres to the unfounded certainty that money doesn't make a difference in education, and that reduced funding is unlikely to harm educational quality. Such proclamations have even been used to…

This article addresses the design and application of cost adjustments in state school finance policies intended to compensate local public school districts for differences in the costs of recruiting and retaining teachers. Broadly speaking, the state policy objective for including cost adjustments to state aid for such things as teacher cost…

This article proposes a general conception of educational adequacy and draws on a lengthy history of economic theory and emerging empirical evidence to support that conception. The author reviews empirical methods for measuring educational adequacy and synthesizes findings from a number of recent studies of the cost of an adequate education. He…