abstract:

Most previous empirical studies of school finance reforms focus on those that took place before 1990. We employ a difference-in-difference model using school district-level panel data from 2009 to 2016 to examine the effects of California's unique and most recent statewide school finance reform—Local Control Funding Formula (LCFF), enacted in 2013. We find positive effects of LCFF on student achievement measured by percentage of graduates meeting university of California/California State University (UC/CSU) entrance requirements, and the effects are causal and non-random. Results suggest a delayed effect that became significantly positive two years after LCFF implementation. The positive effects likely result from LCFF-induced additional funding, while the effects of non-funding-related aspects of the reform tend to be arbitrary in the short run. In addition, we find that the marginal effect on student achievement tends to be higher in high-poverty school districts, relative to low-poverty school districts. The empirical results of a significantly positive effect of LCFF, especially in high-poverty school districts, support reduction of educational inequity as one LCFF target.

摘要：

以前，大多数关于学校财务改革的实证研究都集中在1990年之前进行的研究。我们使用2009-2016年学区级面板数据的差异模型，研究了加州独特且最新的全州学校财务的影响。改-地方控制资金公式（LCFF），于2013年制定。我们发现LCFF对学生成绩的积极影响是通过满足加利福尼亚大学/加利福尼亚州立大学（UC / CSU）入学要求的毕业生所占的百分比来衡量的，并且该影响是因果关系和非随机。结果表明，延迟效应在实施LCFF后的两年变得显着积极。积极的效果可能来自LCFF诱导的额外资金，改革的非融资方面的影响在短期内往往是任意的。此外，我们发现，相对于低贫困学区，高贫困学区对学生成绩的边际效应趋向于更高。LCFF（尤其是在高贫困学区）具有显着积极作用的实证结果支持减少教育不平等作为LCFF的目标之一。