NBER Publications by Christopher Smith

Our paper analyzes historical data for New York State on the percentagee of school budget proposals that are defeated each year and panel data that we have collected on budget vote success for indvidual school districts in the state. We find that changes in state aid matter, but not as much as one might expect. Defeating a budget proposal in one year neither increases nor decreases the likelihood that voters will defeat a proposal the next year. Districts whose school board members have longer terms have lower probabilities of having their budget proposals defeated. Finally, measures of school district educational and financial performance do not appear to influence budget vote outcomes.

Within many large states there are multiple 2-year and 4-year public institutions. Our paper develops a methodology that can be used to help evaluate how well each 2-year public institution in a state is doing in preparing those of its students who transfer to 4-year public institutions to successfully complete their 4-year programs. Similarly, the methodology can be used to help evaluate how well each 4-year public institution is doing in graduating the those students from 2-year institutions who transfer to it. The methodology is illustrated using data provided by the Office of Institutional Research and Analysis of the State University of New York.

Private research universities differ in the shares of their annual giving coming from different sources (alumni, other individuals, foundations, corporations) and the shares of their annual giving applied to different uses (current operations, buildings and equipment, enhancing their endowments). After providing background data on the aggregate variation in these shares over time and their interuniversity variation at a point in time, our econometric analyses use data from a panel of research universities that span a 30-year period to provide explanations for these differences. These differences are seen to depend upon institutional characteristics, macroeconomic variables and tax parameters. One key finding is that richer institutions, as measured by endowment per student, devote a larg...