An Empirical Framework for Large-Scale Policy Analysis, with an Application to School Finance Reform in Michigan
构建了一个分析大规模政策的实证框架，以1994年密歇根州学校财政改革为例，估计多辖区一般均衡模型，预测2000年均衡并验证模型，发现基于收入的改革对底特律学校质量和人口结构影响甚微。
In this paper, I develop an empirical framework for the analysis of large-scale policies, and apply it to study the effects of school finance reform on the Detroit metropolitan area. Exploiting school finance reform in Michigan in 1994, I estimate a general equilibrium model of multiple jurisdictions with 1990 data from Detroit, predict the 2000 equilibrium, and compare this prediction with 2000 data to validate the model. I conduct counterfactual simulations using the estimates. According to my analysis, feasible revenue-based reforms that ensure spending equity or adequacy have little impact on school quality or household demographics in Detroit.