Data for: Human capital accumulation in a federation

Abstract of associated article: More than half of the variation across U.S. school districts in real K-12 education expenditures per student is due to differences between, rather than within, states. I study the welfare implications of redistribution of education expenditures by the Federal government, using an analytically tractable model of human capital accumulation with heterogeneous agents and endogenous state policies. The net welfare effect of Federal redistribution depends on a trade-off between the positive effect of redistributing resources toward poorer states and the negative effect resulting from misallocation of population across states. Federal redistribution increases welfare in a calibrated version of the model.

相关文章摘要：美国各学区在真实K-12学生教育支出上的差异超过一半源于州际间的差异，而非州内差异。本研究通过一个包含异质性代理人和内生州政策的人类资本积累分析模型，探讨了联邦政府对教育支出再分配的福利影响。联邦再分配的净福利效应取决于将资源重新分配至较贫困州的正向效应与因人口在州际间错配而产生的负向效应之间的权衡。在模型的一个校准版本中，联邦再分配提高了福利水平。