Does Public School Spending Raise Intergenerational Mobility?: Evidence from U.S. School Finance Reforms
Additional contact information
Sungoh Kwon: University of Connecticut
No 2017-06, Working papers from University of Connecticut, Department of Economics
It is generally believed that equality of opportunity can be achieved through high qual-ity public schools. This paper examines the causal e˙ect of public school spending on intergenerational mobility by exploiting U.S. court-mandated school finance reforms. I utilize college attendance rate and intergenerational income mobility that Chetty et al. (2014) construct based on administrative tax records. Event study and instru-mental variable models show that students are more likely to attend college due to additional resources in public schools. Reform-induced spending increases also improve intergenerational mobility of advantaged children, but have little impact on mobility of disadvantaged children. In fact, the gap in the mean income rank between advan-tage and disadvantage children widens. The heterogeneity by county characteristics suggests that the school spending e˙ect may be mitigated by negative environments in high poverty area.
Keywords: Intergenerational mobility; Public school spending; School finance reform (search for similar items in EconPapers)
JEL-codes: H52 I24 J62 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://media.economics.uconn.edu/working/2017-06.pdf Full text (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:uct:uconnp:2017-06
Access Statistics for this paper
More papers in Working papers from University of Connecticut, Department of Economics University of Connecticut 365 Fairfield Way, Unit 1063 Storrs, CT 06269-1063. Contact information at EDIRC.
Bibliographic data for series maintained by Mark McConnel ().