The Influence of the Elderly on School Spending in a Median Voter Framework

Deborah Fletcher () and Lawrence Kenny
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Deborah Fletcher: Department of Economics, Miami University

Education Finance and Policy, 2008, vol. 3, issue 3, 283-315

Abstract: How do the elderly influence school spending if they are a minority of the population? We estimate the determinants of school spending in a median voter model, comparing four assumptions about how the elderly influence the identity of the median voter. Using a county-level panel, we find that elderly preferences are best characterized by assuming all elderly or all elderly migrants vote with the poor. Having more elderly results in a median voter who is further down the community's income distribution. This median voter is poorer, which lowers preferred school spending, and faces a lower tax price, which raises preferred school spending. The evidence suggests that the income effect is slightly larger than the price effect, so the elderly on net cause a very small drop in spending. Thus the widespread concern about the negative impact of population aging on school funding seems to be misplaced. © 2008 American Education Finance Association

Keywords: elderly; aging population; school spending; median voter model (search for similar items in EconPapers)
JEL-codes: I22 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (24)

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