Equalizing educational opportunity through educational finance reform

Arbeitspapier

We analyze the reallocations of educational expenditures required to equalize opportunities, according to the theory of Roemer (1998). Using the NLSYM data set, we find that implementing an equal-opportunity policy across men of different races, by using educational finance as the instrument, and holding per capita educational finance fixed, would require spending six to ten times as much on black students, per capita, as on white students. Implementing an equal-opportunity policy across men from different socio-economic backgrounds, but ignoring race, does almost nothing to equalize opportunities for men of different races. Raising the school-leaving age by one year, as opposed to increasing spending per pupil directly, is a relatively inexpensive way of reducing inequality of opportunity across races, but the reduction in opportunity inequality it achieves is very small.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 99-8

Classification and Topics

• Classification: Wirtschaft ; General Equilibrium and Disequilibrium: Financial Markets ; Educational Finance; Financial Aid ; Education: Government Policy
• Subject: Equal Opportunity ; Educational Finance ; School Quality

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Roemer, John ; Betts, Julian R.
• Event: Veröffentlichung
• (who): University of California, Department of Economics
• (where): Davis, CA
• (when): 1999

Further information

• Handle: http://hdl.handle.net/10419/189492
• Last update: 10.03.2025, 11:41 AM CET