Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/328170 
Authors: 
Year of Publication: 
2024
Citation: 
[Journal:] Review of Economic Analysis (REA) [ISSN:] 1973-3909 [Volume:] 16 [Issue:] 3 [Year:] 2024 [Pages:] 371-391
Publisher: 
International Centre for Economic Analysis (ICEA), Waterloo (Ontario)
Abstract: 
I examine whether private education expenditures and public K-12 funding are substitutes or complements for households whose children attend public school. Using a longitudinal microdata set, the Panel Study of Income Dynamics, I estimate the response of private household expenditures on education in response to changes in public expenditures. This paper implements a fixed-effects model that controls for unobservable household characteristics. I find evidence of complementarity between public and private education spending with an average elasticity of 2.4.
Subjects: 
education expenditures
consumption
human capital
public economics
JEL: 
D1
E24
H3
I2
J24
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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