New Evidence on the Achievement of Wealth Neutrality in School Finance
运用Feldstein的财富中性框架分析特拉华州学校财政，发现只有大幅改革才能实现财富中性，且地区间财富弹性差异显著，使目标难以达成。
Martin Feldstein provides a simple framework for analyzing one concept of equality of opportunity in school finance-wealth neutrality. When his approach is applied to Delaware, it is found that wealth neutrality can be achieved only with drastic changes in the state's school finance mechanism. One of the unique features of the study is that we allow for and find significant interdistrict differences in wealth elasticities. Such interdistrict variations are likely to make the achievement of wealth neutrality, in the Feldstein sense, very difficult.