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Although major disasters like the 2005 Gulf Coast hurricanes are infrequent, they dominate empirical loss distributions, as illustrated by a statistical analysis of flood losses in Louisiana. Extraordinary Federal emergency assistance has shifted a large portion of the burden of the 2005 floods...
In this article, we use data on Wisconsin school referenda over the 1991– 2004 period to examine how changes in education finance affected school referenda activity. Beginning in 1996–1997, state officials in Wisconsin altered the average state share of school costs from about one-half to...
The federal No Child Left Behind Act (NCLB) imposes new requirements on state education systems and provides additional education funding. This article estimates education cost functions, predicts the spending required to support NCLB standards, and compares this spending with the funding...
We examine the effects of both whole-grade sharing and administrative consolidations of local school districts in Iowa in the 1990s, the majority of which were induced by state fiscal incentives. We find no effects of either sharing or consolidation on the pupil-teacher ratio, enrollments, or...
This article contributes to a small body of literature that examines empirically the factors affecting the structure of state income taxes. We assume vote-maximizing politicians who are potentially influenced by information spillovers from other states in the spirit of yardstick competition. A...
I use district-level panel data from the 1991/92 school year through the 2003/04 school year to study the effects of Proposal A, passed in Michigan in 1994. Proposal A dramatically changed the way schools were funded starting in the 1994/95 school year. I discuss what has happened to the pattern...
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