WorldCat Identities

Hoxby, Caroline Minter

Works: 112 works in 427 publications in 1 language and 5,947 library holdings
Genres: Conference papers and proceedings 
Roles: Author, Editor, Thesis advisor
Classifications: HB1, 379.111
Publication Timeline
Most widely held works by Caroline Minter Hoxby
The economics of school choice by Caroline Minter Hoxby( Book )

19 editions published between 2003 and 2007 in English and held by 411 WorldCat member libraries worldwide

Now that the U.S. Supreme Court has declared school voucher programs constitutional, the many unanswered questions concerning the potential effects of school choice will become especially pressing. Contributors to this volume draw on state-of-the-art economic methods to answer some of these questions, investigating the ways in which school choice affects a wide range of issues. Combining the results of empirical research with analyses of the basic economic forces underlying local education markets, The Economics of School Choice presents evidence concerning the impact of school choice on stude
College choices : the economics of where to go, when to go, and how to pay for it by Caroline Minter Hoxby( Book )

16 editions published between 2004 and 2007 in English and held by 334 WorldCat member libraries worldwide

"In College Choices, Caroline M. Hoxby and a distinguished group of economists show how students and their families really make college decisions: how they respond to financial aid options, whether they need mentoring to get through the admissions process, and why certain students do not persist beyond the first year. Students of all sorts are considered: from poor students who may struggle with applications and whether to continue on to college, to high aptitude students who are offered "free rides" at elite schools. College Choices utilizes the best methods and latest data to analyze the college decision-making process, while explaining how changes in aid and admissions practices inform those decisions as well."--Jacket
All school finance equalizations are not created equal by Caroline Minter Hoxby( Book )

12 editions published in 1998 in English and held by 92 WorldCat member libraries worldwide

Public school finance equalization programs can be characterized by the change they impose on the tax price of an additional dollar of local school spending. I calculate the tax price of spending for each school district in the United States for 1972, 1982, and 1992. I find that using the actual tax prices (rather than treating school finance equalizations as events) resolves apparently conflicting evidence about the effects of equalizations on per-pupil spending. Depending on whether they impose tax prices greater than or less than one, school finance equalizations either enjoy increased spending under most equalization schemes, but they actually lose spending under the strongest schemes such as those that exist in California and New Mexico. More importantly, regardless of whether an equalization levels down or up, it should be understood as a tax system on districts' spending. I show that school finance equalization schemes have properties that are generally considered undesirable: they raise revenue on a base that is itself a function of the school finance system and they assign tax prices so that people with a high demand for education are penalized relative to otherwise identical people with the same income. I discuss some simple, familiar schemes that do not have these undesirable properties, yet can achieve similar redistribution
How the financial crisis and great recession affected higher education by Jeffrey R Brown( Book )

10 editions published between 2014 and 2015 in English and held by 89 WorldCat member libraries worldwide

The recent financial crisis had a profound effect on both public and private universities. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses and how the incentives and constraints facing different institutions affected their behavior
The productivity of schools and other local public goods producers by Caroline Minter Hoxby( Book )

13 editions published between 1998 and 1999 in English and held by 77 WorldCat member libraries worldwide

Is there an equity-efficiency trade-off in school finance? : Tiebout and a theory of the local public goods producer by Caroline Minter Hoxby( Book )

9 editions published in 1995 in English and held by 76 WorldCat member libraries worldwide

New empirical work shows the degree of competition among public providers of local public goods or between public and private providers of local public goods matters. This evidence needs a theory of the local public goods producer. Tiebout's hypothesis spawned a literature that gives local public economics a useful theory of the consumer which can generate a theory of the local public goods producer. This potential has remained largely undeveloped apart from Tiebout's vision of the local public goods producer as an entrepreneur, which is unrealistic because local public goods are nonverifiable. The Tiebout mechanism does not operate in alternative models of the local public goods producer, such as bureaucracy and agenda models. None of these models is useful for predicting how local public goods producers react to policies that change the structure of local public finance. This paper builds a theory of the producer that draws upon Tiebout's mechanism and the theory of incentives for regulation. I find that Tiebout's mechanism generates information that can be used in regulatory schemes to achieve lower costs for any given provision of local public goods. Thus, we face a fundamental trade-off between promoting equitable consumption of the public good and promoting efficiency in production of the public good. This trade-off exists even when equity in consumption generates positive externalities, as is often suggested of the consumption of schooling. I present evidence that when the Tiebout mechanism for schools is weakened by state-level school funding, per-pupil costs rise and the growth of educational attainment falls. This implies that losses from inefficient production generally outweigh gains from equalized consumption
Would school choice change the teaching profession? by Caroline Minter Hoxby( Book )

15 editions published in 2000 in English and held by 73 WorldCat member libraries worldwide

This paper investigates whether schools that face stronger choice-based incentives have greater demand for certain teacher characteristics and (if so) which teacher characteristics. Schools that face choice-based incentives should demand teachers who raise a schools' ability to attract students. Thus, in the long term, school choice would affect who became (and remained) a teacher if it affected schools' demand for certain teacher characteristics. Using data on traditional forms of choice (Tiebout choice, choice of private schools) and a new survey of charter school teachers, this paper finds evidence that suggests that school choice would change the teaching profession by demanding teachers with higher quality college education, more math and science skills, and a greater degree of effort and independence
Benevolent colluders? : the effects of antitrust action on college financial aid and tuition by Caroline Minter Hoxby( Book )

14 editions published in 2000 in English and held by 73 WorldCat member libraries worldwide

The Department of Justice's (DOJ's) investigation of private colleges for price-fixing caused the Overlap' group of colleges to discontinue their meetings. DOJ alleged that the meetings enabled the colleges to collude on higher tuition and increase their tuition revenue. The colleges claimed that they needed the meeting to implement their policies of basing aid on need and fully covering need. This paper investigates whether the cessation of the meeting caused a break-down of need-based aid policies or whether, as DOJ argued, the meeting was unnecessary for such policies. I also attempt to determine whether the cessation of the meeting affected tuition or tuition revenue. Finally, I examine the question of whether need-based aid is simply redistribution or a method of internalizing externalities among students. Many students would like colleges to maintain policies of need-based aid for others while making exceptions for them, awarding them grants for which they would not qualify based on need. Yet, the same students might prefer a regime of need-based aid, knowing that it would apply them, because basing aid on need affects colleges' selectivity and diversity
Explaining rising income and wage inequality among the college-educated by Caroline Minter Hoxby( Book )

15 editions published between 1998 and 1999 in English and held by 71 WorldCat member libraries worldwide

The incomes and wages of college-educated Americans have become significantly more dispersed since 1970. This paper attempts to decompose this growing dispersion into three possible sources of growth. The first source, or extensive margin, ' is the increasing demographic diversity of people who attend college. The second is an increasing return to aptitude. The third, or intensive margin, ' combines the increasing self-segregation (on the basis of aptitude) of students among colleges and the increasing correlation between the average aptitude of a college's student body and its expenditure on education inputs. These tendencies are the result of changes in the market structure of college education, as documented elsewhere. We find that about 70% of the growth in inequality among recipients of baccalaureate degrees can be explained with observable demographics, measures of aptitude, and college attributes. About 50% of the growth in inequality among people who have 2 years of college education can be similarly explained. Of the growth that can be explained, about 1/4th is associated with the extensive margin, 1/3rd with an increased return to measured aptitude, and 5/12ths with the intensive margin. If the intensive margin is not taken into account, the role of increasing returns to aptitude is greatly overstated
Political jurisdictions in heterogeneous communities by Alberto Alesina( Book )

16 editions published between 2000 and 2002 in English and held by 70 WorldCat member libraries worldwide

We investigate the number and size of local political jurisdictions are determined, by focusing on the tradeoff between the benefits of economies of scale and the costs of a heterogeneous population. We consider heterogeneity in income, race, ethnicity, and religion, and we test the model using American school districts, school attendance areas, municipalities, and special districts. Using cross-sectional and panel analysis, we find very little evidence of tradeoffs between economies of scale and ethnic or religious heterogeneity. However, we find evidence of a tradeoff between economies of scale and income heterogeneity and particularly strong evidence of a tradeoff between economies of scale and racial heterogeneity. To clarify the direction of causality between heterogeneity and jurisdictions, we exploit shocks to racial heterogeneity generated by the two World Wars
Peer effects in the classroom : learning from gender and race variation by Caroline Minter Hoxby( Book )

14 editions published in 2000 in English and held by 70 WorldCat member libraries worldwide

Abstract: Peer effects are potentially important for understanding the optimal organization of schools, jobs, and neighborhoods, but finding evidence is difficult because people are selected into peer groups based, in part, on their unobservable characteristics. I identify the effects of peers whom a child encounters in the classroom using sources of variation that are credibly idiosyncratic, such as changes in the gender and racial composition of a grade in a school in adjacent years. I use specification tests, including one based on randomizing the order of years, to confirm that the variation I use is not generated by time trends or other non-idiosyncratic forces. I find that students are affected by the achievement level of their peers: a credibly exogenous change of 1 point in peers' reading scores raises a student's own score between 0.15 and 0.4 points, depending on the specification. Although I find little evidence that peer effects are generally non-linear, I do find that peer effects are stronger intra-race and that some effects do not operate through peers' achievement. For instance, both males and females perform better in math in classrooms that are more female despite the fact that females' math performance is about the same as that of males
Does competition among public schools benefit students and taxpayers by Caroline Minter Hoxby( Book )

13 editions published in 1994 in English and held by 68 WorldCat member libraries worldwide

Many school choice proposals would enable parents to choose among public school districts in their area, though not among private schools. Theory predicts three reactions to easier choice among public schools: increased sorting of students and parents among schools; easier choice will encourage competition among schools, forcing them into higher productivity (better student performance per input); easier choice among public schools will give parents less incentive to send their children to private schools. I examine easing choice among public schools using exogenous variation in the concentration of public school districts in metropolitan areas measured by a Herfindahl index on enrollment shares. The exogenous variation is generated by topography: I derive instruments for concentration from natural boundaries (rivers) that partially determine district size. I find evidence that easier choice leads to greater productivity. Areas with greater opportunities for choice among public schools have lower per-pupil spending, lower teacher salaries, and larger classes. The same areas have better average student performance, as measured by students' educational attainment, wages, and test scores. Performance improvements are concentrated among white non-Hispanics, males, and students who have a parent with at least a high school degree. However, student performance is not worse among Hispanics, African-Americans, females, or students who do not have a parent with a high school degree.Also, student performance improves at both ends of the educational attainment distribution and test score distribution
How the changing market structure of U.S. higher education explains college tuition by Caroline Minter Hoxby( Book )

15 editions published in 1997 in English and held by 67 WorldCat member libraries worldwide

This paper presents theoretical and empirical evidence demonstrating the ways in which" the changing market structure of American higher education from 1940 to the present affected" college prices and college quality. Over this period, the market for baccalaureate education" became significantly more competitive, as it was transformed from a collection of local autarkies" to a nationally integrated market. I demonstrate that the results of increased competition were" what industrial organization models (with product differentiation and students being both" consumers of and inputs into higher education) would predict: higher average college quality and" tuitions, greater between-college variation in tuition, greater between-college variation in student" quality, less within-college variation in student quality, higher average subsidies to students greater between-college variation in subsidies. Changing market structure can explain real" tuition increases of approximately 50 percent for selective private colleges. Panel data from" 1940 to 1991 on 1121 baccalaureate-granting colleges are employed, including data on students'" home residences
The effects of class size and composition on student achievement : new evidence from natural population variation by Caroline Minter Hoxby( Book )

14 editions published between 1998 and 1999 in English and held by 67 WorldCat member libraries worldwide

I use natural population variation to identify the effects of class size and composition on student achievement. I isolate the credibly random component of population variation in each grade and school district and use this component to generate instrumental variables for class size and composition. I also exploit the discontinuous changes in class size that occur when natural population variation triggers a change in the number of classes in a grade in a school. Discontinuity-based results are both consistent and precise only when applied to within-district changes in class size and population. I find that reductions in class size from a base of 15 to 30 students have no effect on student achievement. The estimates are precise enough to identify improvements in math, reading, or writing achievement of just 3/100ths of a standard deviation. I find that the presence of black students in a class, in an of itself, has no effect on achievement. I demonstrate that estimates of the effect of racial composition that rely on between-district comparisons suffer from substantial bias. Finally, I show that more female classes perform significantly better in writing in the 4th through 8th grades and in math in the 4th grade. Comparison of the effects to average male-female differences in test scores suggest that gender composition alters classroom conduct
Do private schools provide competition for public schools? by Caroline Minter Hoxby( Book )

11 editions published in 1994 in English and held by 60 WorldCat member libraries worldwide

Arguments in favor of school choice depend on the idea that competition between schools improves the quality of education. However, we have almost no empirical evidence on whether competition actually affects school quality. In this study, I examine the effects of inter-school competition on public schools by using exogenous variation in the availability and costs of private school alternatives to public schools. Because low public school quality raises the demand for private schools as substitutes for public schools, we cannot simply compare public school students' outcomes in areas with and without substantial private school enrollment. Such simple comparisons confound the effect of greater private school competitiveness with the increased demand for private schools where the public schools are poor in quality. I derive instruments for private school competition from the fact that it is less expensive and difficult to set up religious schools, which accounts for 9 out of 10 private school students in the U.S., in areas densely populated by members of the affiliated religion. I find that greater private school competitiveness significantly raises the quality of public schools, as measured by the educational attainment, wages, and high school graduation rates of public school students. In addition, I find some evidence that public schools react to greater competitiveness of private schools by paying higher teacher salaries
School choice and school productivity : (or could school choice be a tide that lifts all boats?) by Caroline Minter Hoxby( Book )

12 editions published in 2002 in English and held by 59 WorldCat member libraries worldwide

A school that is more productive is one that produces higher achievement in its pupils for each dollar it spends. In this paper, I comprehensively review how school choice might affect productivity. I begin by describing the importance of school productivity, then explain the economic logic that suggests that choice will affect productivity, and finish by presenting much of the available evidence on school choice and school productivity. The most intriguing evidence comes from three important, recent choice reforms: vouchers in Milwaukee, charter schools in Michigan, and charter schools in Arizona. I show that public school students' achievement rose significantly and rapidly in response to competition, under each of the three reforms. Public school spending was unaffected, so the productivity of public schools rose, dramatically in the case in Milwaukee
The cost of accountability by Caroline Minter Hoxby( Book )

12 editions published in 2002 in English and held by 58 WorldCat member libraries worldwide

Discussions of school accountability focus on two issues: poor test administration and the expense of accountability. Up to this point, researchers have focused on test quality and simply assumed that the programs are expensive enough to crowd out other policies, such as class size reduction or higher teacher salaries. Researchers have also assumed that it is so expensive to have a good accountability program (which includes good comprehensive tests, well-defined standards, an effective report card system, and safeguards that prevent cheating and teaching the test) that only poor accountability systems will be affordable. In this paper, I present the facts about how much accountability costs. The facts are, fortunately, highly knowable because costs show up both as expenditures on government budgets and as revenues on companies' (mainly test makers') accounts. Moreover, it turns out that worrying about measurement error in the cost data is pointless. The costs of accountability programs are so tiny that even the most generous accounting could not make them appear large, relative to the cost of other education programs. The 'most expensive' programs in the United States generally cost less than one quarter of 1 percent of per pupil spending, and most of these are only as costly as they are because a state is in the 'expensive' and temporary phase of developing its own comprehensive tests
Do and should financial aid packages affect students' college choices? by Christopher Avery( Book )

11 editions published in 2003 in English and held by 48 WorldCat member libraries worldwide

Every year, thousands of high school seniors with high college aptitude face complicated menus' of scholarship and aid packages designed to affect their college choices. Using an original survey designed for this paper, we investigate whether students respond to their menus' like rational human capital investors. Whether they make the investments efficiently is important not only because they are the equivalent of the Fortune 500' for human capital, but also because they are likely to be the most analytic and long-sighted student investors. We find that the typical high aptitude student chooses his college and responds to aid in a manner that is broadly consistent with rational investment. However, we also find some serious anomalies: excessive response to loans and work-study, strong response to superficial aspects of a grant (such as whether it has a name), and response to a grant's share of college costs rather than its amount. Approximately 30 percent of high aptitude students respond to aid in a way that apparently reduces their lifetime present value. While both a lack of sophistication/information and credit constraints can explain the behavior of this 30 percent of students, the weight of the evidence favors a lack of sophistication
Robin Hood and his not-so-merry plan : capitalization and the self-destruction of Texas' school finance equalization plan by Caroline Minter Hoxby( Book )

12 editions published in 2004 in English and held by 46 WorldCat member libraries worldwide

School finance schemes control the allocation of $370 billion a year in the United States, but their economics are poorly understood. We examine an illuminating example: Texas' Robin Hood' scheme, which was enacted in 1994, allocates about $30 billion a year, and is currently collapsing and likely to be abandoned. We show that the collapse was predictable. Robin Hood's design causes substantial negative capitalization, shrinking its own tax base. It relies only slightly on relatively efficient (pseudo lump sum) redistibution and heavily on high marginal tax rates. Although Robin Hood reduced the spending gap between Texas' property-poor and property-rich districts by $500 per pupil, it destroyed about $27,000 per pupil in property wealth. The magnitude of this loss is important: if the state had efficiently confiscated the same wealth and invested it, it would generate sufficient annual income to make all Texas schools spend at a high level. The Robin Hood scheme is stringent but not bizarre: other states' systems share its features to some degree. We provide estimates of the effects of school finance system parameters, which policy makers could use to design systems that are more efficient and stable
Competition among public schools : a reply to Rothstein (2004) by Caroline Minter Hoxby( Book )

10 editions published in 2005 in English and held by 35 WorldCat member libraries worldwide

Rothstein has produced two comments, Rothstein (2003) and Rothstein (2004), on Hoxby "Does Competition Among Public Schools Benefit Students and Taxpayers," American Economic Review, 2000. In this paper, I discuss every claim of any importance in the comments. I show that every claim is wrong. I also discuss a number of Rothstein's innuendos--that is, claims that are made by implication rather than with the support of explicit arguments or evidence. I show that, when held up against the evidence, each innuendo proves to be false. One of the major points of Rothstein (2003) is that lagged school districts are a valid instrumental variable for today's school districts. This is not credible. Another major claim of Rothstein (2003) is that it is better to use highly non-representative achievement data based on students' self-selecting into test-taking than to use nationally representative achievement data. This claim is wrong for multiple reasons. The most important claim of Rothstein (2004) is that the results of Hoxby (2000) are not robust to including private school students in the sample. This is incorrect. While Rothstein appears merely to be adding private school students to the data, he actually substitutes error-prone data for error-free data on all students, generating substantial attenuation bias. He attributes the change in estimates to the addition of the private school students, but I show that the change in estimates is actually due to his using erroneous data for public school students. Another important claim in Rothstein (2004) that the results in Hoxby (2000) are not robust to associating streams with the metropolitan areas through which they flow rather than the metropolitan areas where they have their source. This is false: the results are virtually unchanged when the association is shifted from source to flow. Since 93.5 percent of streams flow only in the metropolitan area where they have their source, it would be surprising if the res
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The economics of school choice
Alternative Names
Caroline Hoxby American economist

Caroline Hoxby Amerikaans econome

Caroline Hoxby amerikansk ekonom

Caroline Hoxby amerikansk økonom

Caroline Hoxby economista estadounidense

Hoxby, C.

Hoxby, Caroline 1966-

Hoxby, Caroline M.

Hoxby, Caroline M. 1966-

Minter, Caroline Hoxby

Minter Hoxby, Caroline 1966-

English (263)

College choices : the economics of where to go, when to go, and how to pay for it