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Journal Article
Creating a performance-driven system

The New York City public school system is in the process of creating the nation's first performance-driven system. Such a system promotes competition, maintains quality, and emphasizes a consistently high level of achievement. The goal of a performance-driven system is to set clear standards and to align resources, policies, and practices with the support that students need to hit the target. The following management principles are used at all levels of the organization: define clear standards, articulate educational strategies designed to enable all students to meet the standards, align all ...
Economic Policy Review , Volume 4 , Issue Mar , Pages 7-9

Working Paper
How did schooling laws improve long-term health and lower mortality?

Although it is well known that there is a strong association between education and health much less is known about how these factors are connected, and whether the relationship is causal. Lleras-Muney (2005) provides perhaps the strongest evidence that education has a causal effect on health. Using state compulsory school laws as instruments, Lleras-Muney finds large effects of education on mortality. We revisit these results, noting they are not robust to state time trends, even when the sample is vastly expanded and a coding error rectified. We employ a dataset containing a broad array of ...
Working Paper Series , Paper WP-06-23

Global Perspectives: Tom Luce on Public Service, Education Reform

Luce and Dallas Fed President Rob Kaplan discussed his career in law and public service, his decision to become a lawyer and the key challenges facing the U.S. education system.
Dallas Fed Economics

Journal Article
New economic education Web site

Financial Update , Volume 14 , Issue Oct , Pages 3

Journal Article
School finance takes center stage in the Southeast

Regional Update , Issue Jul , Pages 1-4

Journal Article
Effects of homeownership on children: the role of neighborhood characteristics and family income

This paper was presented at the conference "Policies to Promote Affordable Housing," cosponsored by the Federal Reserve Bank of New York and New York University's Furman Center for Real Estate and Urban Policy, February 7, 2002. It was part of Session 3: The Impact of Housing on People and Places.
Economic Policy Review , Issue Jun , Pages 87-107

Working Paper
Schooling and the AFQT: evidence from school entry laws

Is the Armed Forces Qualifying Test (AFQT) a measure of achievement or ability? The answer to this question is critical for drawing inferences from studies in which it is employed. In this paper, we test for a relationship between schooling and AFQT performance in the NLSY 79 by comparing test-takers with birthdays near state cutoff dates for school entry. We instrument for schooling at the test date with academic cohort?the year in which an individual should have entered first grade?in a model that allows age at the test date to have a direct effect on AFQT performance. This identification ...
Working Papers , Paper 05-1

Working Paper
The effect of school finance reform on population heterogeneity

This paper tests whether state school finance reform alters neighborhood income homogeneity. One implication of the Tiebout model is that within-community homogeneity declines as a result of an exogenous decrease in the ability of jurisdictions to set local tax and expenditure levels. The property tax revolt and the school finance equalization reform of the 1970s and 1980s offer a test of the role of state fiscal reform on aggregate population sorting behavior. The results show that school finance has a significant effect on school district income sorting, especially among low income ...
Working Paper Series , Paper WP-98-11

Journal Article
The two-legged stool: the neglected role of educational standards in improving America's public schools

The author notes that raising the school-leaving age and increasing the amount of spending per pupil have been extremely important public school reforms. However, he says, sizable improvements in school quality will only be evident when these two reforms are complemented by higher standards--and when students' abilities to meet these standards are tested.
Economic Policy Review , Volume 4 , Issue Mar , Pages 97-116

Journal Article
Service-sector wages: the importance of education

A study of how education affects wages in the manufacturing and service sectors, concluding that higher levels of basic education are necessary in order for both displaced manufacturing workers and new labor-force entrants to compete in the rapidly growing service sector.
Economic Commentary , Issue Dec



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