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Are We Spending Enough on Teachers in the U.S.? / Patrick Bayer, Peter Q. Blair, Kenneth Whaley.
- Format:
- Book
- Author/Creator:
- Bayer, Patrick.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w28255.
- NBER working paper series no. w28255
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2020.
- Summary:
- Expenditures on teacher salaries in US public schools exceeds $200 billion annually, yet there is no existing evidence on whether this spending level is efficient. We fill this gap by developing a theoretical test for efficiency based on the causal impact of salary spending and taxes on local house prices. We empirically implement the test on a national sample of school districts from 1990-2015, using a research design that generates quasi-random variation in public school spending and taxes. We find that a tax-funded increase in salary spending would raise house prices, indicating that spending on teacher salaries is inefficiently low.
- Notes:
- Print version record
- December 2020.
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