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/lp/university-of-chicago-press/school-finance-equalization-increases-intergenerational-mobility-0qnkDNaCqK
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- Publisher
- University of Chicago Press
- Copyright
- © 2022 The University of Chicago. All rights reserved.
- ISSN
- 0734-306X
- eISSN
- 1537-5307
- DOI
- 10.1086/718980
- Publisher site
- See Article on Publisher Site
Abstract
This paper estimates the causal effect of equalizing revenues across school districts on students’ intergenerational mobility. I exploit cohort differences in exposure to equalization generated by state-level reforms. To address the endogeneity of postreform revenues due to household sorting after a reform, I use a simulated-instruments approach that uses newly collected data on states’ funding formulas to simulate revenues without sorting. I find that equalization has a large effect on the mobility of low-income students. Reductions in input gaps between low-income and high-income districts are likely channels behind this effect.
Journal
Journal of Labor Economics – University of Chicago Press
Published: Jan 1, 2023