Schools and location
Subtitle: tiebout, alonso, and government policy
By: Eric A. Hanushek, Kuzey Yilmaz.
Contributors: Hanushek, Eric A.; Yilmaz, Kuzey.; National Bureau of Economic Research.
Series: NBER working paper series -- working paper 12960; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 12960.
Publisher: National Bureau of Economic Research
Published: 2007
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "An important element in considering school finance policies is that households are not passive.  Instead they respond to policies with a combination of modified residential choice and political choice of tax levels.  The highly stylized decision models of most existing analyses, however, lead to conerns about the policy evaluations.  In our general equilibrium model of residential location and community choice, households base optimizing decisions on commuting costs, school quality, and land rents.  With both centralized and decentralized employment, the resulting equilibrium has heterogeneous communities in terms of income and tastes for schools.  This model is used to analyze a series of conventional policy experiments, including school district consolidation, district power utilization, and different equalization devices.  The important conclusion is that welfare falls for all families with the restrictions in choice that are implied by these approaches"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 5/18/2007.

Includes bibliographical references.

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Mode of access: World Wide Web.