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Author:Hayes, Kathy J. 

Working Paper
The response of local governments to Reagan-Bush fiscal federalism

Working Papers , Paper 9604

Working Paper
Allocative inefficiency and school competition

A substantial literature indicates that the public school system in the United States is inefficient. Some have posited that this inefficiency arises from a lack of competition in the education market. On the other hand, the Tiebout hypothesis suggests that public schools may already face significant competition. In this paper, the authors examine the extent to which competition for students influences public school inefficiency in Texas. They use a Shephard input distance function to model education production and use bootstrapping techniques to examine allocative inefficiencies. Switching ...
Working Papers , Paper 9708

Working Paper
State and local policy, factor markets and regional growth

A large and growing literature to explain how state and local policies affect factor markets, firm location and economic growth has developed in three distinct threads. These threads have variously emphasized how policy and natural amenities affect regional economic growth or firm location; how variations in policy and natural amenities can lead to persistent wage differentials across regions; and how regional variation in factor inputs, including public capital, affects output. In this article, we expand the modeling framework of Roback and Gyourko and Tracy to integrate these threads into a ...
Working Papers , Paper 0202

Working Paper
Budget constrained frontier measures of fiscal equality and efficiency in schooling

Working Papers , Paper 9206

Working Paper
Gender differences in salary and promotion for faculty in the humanities, 1977–95

This study uses data from the Survey of Doctorate Recipients to evaluate gender differences in salaries and promotion for academics in the humanities. Differences in employment outcomes by gender are evaluated using three methods: the Oaxaca decomposition is used to examine salary differentials, and binary choice models and duration analysis are used to estimate the probability of promotion to tenure. Over time, gender salary differences can largely be explained by academic rank. Substantial gender differences in promotion to tenure exist after controlling for productivity and demographic ...
FRB Atlanta Working Paper , Paper 2001-7

Working Paper
Is airline price dispersion the result of careful planning or competitive forces?

Working Papers , Paper 9607

Working Paper
On the political economy of school deregulation

Working Papers , Paper 9408

Working Paper
The political economy of school reform

Working Papers , Paper 9304

Working Paper
On competition and school efficiency

Working Papers , Paper 9506

Journal Article
Neighborhood school characteristics: what signals quality to homebuyers?

Popular wisdom and economic research suggest that the quality of the neighborhood school should be an important determinant of housing values. Many researchers have found that housing values are higher where school spending or student test scores are higher. However, few economists consider these characteristics good indicators of school quality. Meanwhile, no one has examined whether the economists' notion of school quality-the school's marginal effect on students-is a school characteristic that matters to homebuyers. ; Using a model of new home purchases and historical data on homes in the ...
Economic and Financial Policy Review , Issue Q IV , Pages 2-9

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