Estimating the relationship between Public and Private Inputs for K-12 Education: Evidence from Longitudinal Microdata

Philip Vinson
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Philip Vinson: Georgia Gwinnett College

Review of Economic Analysis, 2024, vol. 16, issue 3, 371-391

Abstract: "I examine whether private education expenditures and public K-12 funding are substitutes or complements for households whose children attend public school. Using a longitudinal microdata set, the Panel Study of Income Dynamics, I estimate the response of private household expenditures on education in response to changes in public expenditures. This paper implements a fixed-effects model that controls for unobservable household characteristics. I find evidence of complementarity between public and private education spending with an average elasticity of 2.4."

Keywords: "education expenditures; consumption; human capital; public economics" (search for similar items in EconPapers)
JEL-codes: E24 H3 I2 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ren:journl:v:16:y:2024:i:3:p:371-391

DOI: 10.15353/rea.v16i3.5306

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