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The Determinants of Public Education Expenditures: Evidence from the States, 1950-1990

Raquel Fernandez () and Richard Rogerson ()

No 5995, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We examine a panel data set for the US states over the period 1950-1990 and use it to assess the effects of growth in personal income and number of students on expenditure on public primary and secondary education. Our analysis suggests that the share of personal income devoted to education is roughly constant, implying that per student education expenditures grow at roughly the same rate as personal income per student. We also find evidence that additional factors accounted for an increase in education expenditures over the period 1950-1970.

JEL-codes: I22 H52 (search for similar items in EconPapers)
Date: 1997-04
Note: PE
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