Cost-benefit correlations have been subject to "selective sampling" in the media. Usually extremes of data from a very few high-funding and low-funding states are cited in the media to construct the case that there is no relationship between economic inputs and academic outputs. This study, using average per-pupil expenditures and ACT…

Spending by states and local school districts on school construction has increased dramatically over the last decade, not only because more and higher-quality schools are being built, but also because construction costs have increased by an unprecedented degree. Many states struggle to afford the new schools needed in local communities. The…

Social capital refers to the nature of ties within a social unit, as well as the unit's external relationships. We draw from organizational sociology and political science, and also build upon existing insights in school board research, to offer an approach that address the effects of "bonding" (internal ties) and "bridging"…

Schools and school systems throughout the nation are increasingly experimenting with using various instructional technologies to improve productivity and decrease costs, but evidence on both the effectiveness and the costs of education technology is limited. A recent report published by the Thomas B. Fordham Institute sets out to describe "the…

Econometric cost functions have begun to appear in education adequacy cases with greater frequency. Cost functions are superficially attractive because they give the impression of objectivity, holding out the promise of scientifically estimating the cost of achieving specified levels of performance from actual data on spending. By contrast, the…

Maine should be very proud of its public school system. Without question, since passage of the Sinclair Act in 1957, Maine has made great strides in the last 45 years in improving the quality of its public schools, and in expanding educational opportunities for more and more of its children. Maine citizens have increased their investment four-fold…

Throughout the history of publicly-funded voucher programs--enacted and proposed--the impact on taxpayers has been a recurring issue. As the nation's longest-running program, the Milwaukee Parent Choice Program (MPCP) provides an important case study. The fiscal impact of Milwaukee's program has evolved in very significant ways over its 18-year…

In the UK, education is the third largest area of government spending (of which school spending has the largest share). Since 2000, school expenditure has increased by about 40 per cent in real terms for both primary and secondary schools (see Figure 1). The question as to whether such investment is worthwhile is of central importance. The…

Maintains that the equal marginal value principle may not be optimal in the analysis of the cost-effectiveness of policies to reduce auto emissions, the economics of garbage disposal, and the economics of pollution abatement. Argues that examining these exceptions can help students understand the equal marginal value principle. (MJP)

Describes class exercises where undergraduates construct and test mathematical models using data and issues related to social security. The students collect data and forecast economic and demographic variables that determine future tax rates. They then discuss government policies that are derived from their models. (MJP)

The overall purpose of this study was to develop a system for predicting current instructional costs of vocational education programs at the community college level in California. Data gathered by analyzing the instructional expenditures of 19 community colleges for the fiscal year 1969 showed that: (1) Neither of two suggested mathematical…

A large scale study was undertaken to shed light on the question of school district efficiency, that is, the extent to which school districts are able to increase achievement beyond what would be expected from their families socioeconomic origins. Average scores on state-developed and nationally-standardized tests of third, sixth, and ninth…