American Economic Journal:
Economic Policy
ISSN 1945-7731 (Print) | ISSN 1945-774X (Online)
An Empirical Framework for Large-Scale Policy Analysis, with an Application to School Finance Reform in Michigan
American Economic Journal: Economic Policy
vol. 1,
no. 1, February 2009
(pp. 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)Citation
Ferreyra, Maria Marta. 2009. "An Empirical Framework for Large-Scale Policy Analysis, with an Application to School Finance Reform in Michigan." American Economic Journal: Economic Policy, 1 (1): 147–80. DOI: 10.1257/pol.1.1.147Additional Materials
JEL Classification
- H75 State and Local Government: Health, Education, and Welfare
- I22 Educational Finance
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