TY  - JOUR
AU  - Fernandez,Raquel
AU  - Rogerson,Richard
TI  - The Determinants of Public Education Expenditures: Evidence from the States, 1950-1990
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 5995
PY  - 1997
Y2  - April 1997
UR  - http://www.nber.org/papers/w5995
L1  - http://www.nber.org/papers/w5995.pdf
N1  - Author contact info:
Raquel Fernández
Department of Economics
New York University
19 West 4th Street, 6th Floor
New York, NY  10012
Tel: 212/998-8908
Fax: 212/995-4186
E-Mail: raquel.fernandez@nyu.edu

Richard Rogerson
Woodrow Wilson School of
  Public and International Affairs
323 Bendheim Hall
Princeton University
Princeton, NJ 08544
Tel: 609-258-4839
Fax: 609-258-5349
E-Mail: rdr@princeton.edu
AB  - We examine a panel data set for the US states over the period 1950-1990 and use it to assess the effects of growth in personal income and number of students on expenditure on public primary and secondary education.  Our analysis suggests that the share of personal income devoted to education is roughly constant, implying that per student education expenditures grow at roughly the same rate as personal income per student.  We also find evidence that additional factors accounted for an increase in education expenditures over the period 1950-1970.
ER  -