An Empirical Framework for Large-Scale Policy Analysis, with an Application to School Finance Reform in Michigan

Maria Marta Ferreyra

American Economic Journal: Economic Policy, 2009, vol. 1, issue 1, 147-80

Abstract: In this paper, I develop an empirical framework for the analysis of large-scale policies, and apply it to study the effects of school finance reform on the Detroit metropolitan area. Exploiting school finance reform in Michigan in 1994, I estimate a general equilibrium model of multiple jurisdictions with 1990 data from Detroit, predict the 2000 equilibrium, and compare this prediction with 2000 data to validate the model. I conduct counterfactual simulations using the estimates. According to my analysis, feasible revenue-based reforms that ensure spending equity or adequacy have little impact on school quality or household demographics in Detroit. (JEL H75, I22)

JEL-codes: H75 I22 (search for similar items in EconPapers)
Date: 2009
Note: DOI: 10.1257/pol.1.1.147
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/pol.1.1.147 (application/pdf)
http://www.aeaweb.org/aej/pol/data/2007-0019_data.zip (application/zip)
http://www.aeaweb.org/aej/pol/app/2007-0019_app.zip (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aea:aejpol:v:1:y:2009:i:1:p:147-80

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

American Economic Journal: Economic Policy is currently edited by Matthew Shapiro

More articles in American Economic Journal: Economic Policy from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().