Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/227941
Authors: 
Zhao, Bo
Year of Publication: 
2020
Series/Report no.: 
Working Papers No. 20-6
Abstract: 
This paper's study of Connecticut's education costs can serve as the foundation of an equitable and adequate state education aid formula. To the best of the author's knowledge, it is the first cost function study of Connecticut public K-12 education. The author uses a regression model to estimate how much it costs each district to achieve a common student performance target level, as measured by statewide standardized testing, given student characteristics and other cost factors that are outside the direct control of local officials at any given point in time. The analysis shows the disparities in education costs across school districts and the equity and adequacy of each district's spending relative to its costs for achieving a common student performance target level.
Subjects: 
cost function
education costs
school spending
equity in education finance
adequacy in education finance
JEL: 
H75
I21
I22
I28
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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