New Evidence on the Achievement of Wealth Neutrality in School Finance

Charles Link, Kenneth Lewis and David E. Black

Journal of Human Resources, 1981, vol. 16, issue 2, 260-273

Abstract: Martin Feldstein provides a simple framework for analyzing one concept of equality of opportunity in school finance-wealth neutrality. When his approach is applied to Delaware, it is found that wealth neutrality can be achieved only with drastic changes in the state's school finance mechanism. One of the unique features of the study is that we allow for and find significant interdistrict differences in wealth elasticities. Such interdistrict variations are likely to make the achievement of wealth neutrality, in the Feldstein sense, very difficult.

Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:jhriss:v:16:y:1981:i:2:p:260-273

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