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Title: The Impact of Facilities on the Cost of Education

Citation Type: Journal Article

Publication Year: 2011

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Abstract: This paper uses new data on school district capital stocks, stochastic frontier analysis, and a value-added measure of school quality to provide the first direct evaluation of the relationship between school facilities and school district costs. We find that the cost of education increases as the capital stock increases, suggest- ing either that school districts are grossly overcapitalized or that nicer facilities reflect an important, unmeasured dimension of school quality. We also find that cost function estimates for Texas are largely insensitive to the exclusion of the capital stock measures, suggesting that stochastic frontier cost function estimates without a capital stock measure are unlikely to be biased.

Url: http://www.ntanet.org/NTJ/64/1/ntj-v64n01p193-218-impact-facilities-cost-education.pdf?v=α

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Authors: Gronberg, Timothy, J; Jansen, Dennis, W; Taylor, Lori, L

Periodical (Full): National Tax Journal

Issue: 1

Volume: 64

Pages: 193–218

Data Collections: IPUMS USA

Topics: Education

Countries: United States