The school finance landscape has changed dramatically in the past thirty years. Most states have undertaken major changes to their school finance programs, motivated principally by the notion that the unequal school resources associated with unequal incomes and community sorting lead to unequal educational and labor market outcomes. This paper describes the empirical evidence on the relationship between school finance reforms and student outcomes and presents new evidence on the effects of these policies on community and school composition.
|Economic Policy Review
|Published - 1999