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Education economics or the economics of education is the study of economic issues relating to education, including the demand for education, the financing and provision of education, and the comparative efficiency of various educational programs and policies. From early works on the relationship between schooling and labor market outcomes for ...
Inadequate school funding has a disproportionate impact on low-income students and high-poverty schools. 14% of 4th graders at poor schools were at or above proficient in reading and 17% at math while in low poverty schools, more than twice as many were at proficiency or above in reading and 60% were for math.
One part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act was the Elementary and Secondary School Emergency Relief (ESSER) program that allocated $189.5 billion to K-12 schools.
Dennis Epple, Richard E. Romano, and Miguel Urquiola. "School Vouchers: A Survey of the Economics". Journal of Economic Literature. Jun 2017, Vol. 55, No. 2: Pages 441-492; Hooker, Mark (2009). Freedom of Education: The Dutch Political Battle for State Funding of all Schools both Public and Private (1801–1920). ISBN 978-1-4404-9342-3.
President Lyndon B. Johnson, whose own ticket out of poverty was a public education in Texas, fervently believed that education was a cure for ignorance and poverty. [2] [page range too broad] Education funding in the 1960s was especially tight due to the demographic challenges posed by the large Baby Boomer generation, but Congress had repeatedly rejected increased federal financing for ...
Education, once solely a state and local issue, now sees significant amounts of oversight and funding on the elementary and secondary levels from the federal government. [1] This trend started slowly in the Civil War era, but increased precipitously during and following World War II, and has continued to the present day.
Government spending or expenditure includes all government consumption, investment, and transfer payments. [1] [2] In national income accounting, the acquisition by governments of goods and services for current use, to directly satisfy the individual or collective needs of the community, is classed as government final consumption expenditure.
Public school systems are supported by a combination of local, state, and federal government funding. Because a large portion of school revenues come from local property taxes, public schools vary widely in the resources they have available per student. Class size also varies from one district to another.