THE EFFECT OF EXTRA SCHOOL FUNDING ON STUDENTS’ ACADEMIC ACHIEVEMENTS UNDER A CENTRALIZED SCHOOL FINANCING SYSTEM

Hosung Sohn, Heeran Park, Haeil Jung

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)

Abstract

This paper analyzes the effect of providing extra school funding on student achievement under the homogenous school funding system in South Korea. This study exploits an administrative cutoff rule that determines the provision of school funding and uses a regression discontinuity design to identify a causal impact of extra school funding. The analysis finds that a 20 percent increase in per pupil funding for underperforming schools re-duced the number of below-average students in mathematics, En-glish, social studies, and science by 19.7 percent, 17.0 percent, 16.1 percent, and 18.1 percent compared with the control-side means. The research findings suggest that additional funding for un-derperforming schools to promote vertical equity would improve students’ academic outcomes if it is distributed directly to under-performing schools and used to provide new academic programs to students.

Original languageEnglish
Pages (from-to)1-24
Number of pages24
JournalEducation Finance and Policy
Volume18
Issue number1
DOIs
Publication statusPublished - 2023 Jan 1

Bibliographical note

Funding Information:
This work was supported by the Ministry of Education of the Republic of Korea and the National Research Foundation of Korea (NRF-2016S1A3A2924956). The authors declare that they have no conflict of interest.

Publisher Copyright:
© 2022 Association for Education Finance and Policy.

ASJC Scopus subject areas

  • Education

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