Data and Code for: How Do Federal Policy Shocks to State Spending Impact Returns to Primary and Secondary Education?

This study examines the impact of federal dollars spent on education. Using NIPA and IPEDS data from 2000-2017, this research will employ an event – study, panel VAR to determine the recursive impact of federal education policy on college enrollment. Specifically, this project focuses on race and gender to analyze the Elementary and Secondary Education Act, and Common Core State Standards as random shocks to federal spending. Do federal policy or state standards help educational disparities? Findings indicate decentralized policies or standards must be centrally aligned to be effective in the U.S. Improvements must be made for all demographic groups.