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Studies
Universal Tuition Tax Credit Dynamics
November 13, 1997
|
By
Patrick L. Anderson
,
Richard D. McLellan
,
Joseph P. Overton
and
Dr. Gary L. Wolfram
The Education Market
Price Elasticity of Demand
Price Elasticity of Demand for Michigan Alternative Schools
Predicting Consumer Behavior
Calculating Demand
Applying Constraints to the Model
Likely Migration to Alternative Schools
Limits on Migration
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ISBN: 1-890624-03-9
SKU: S1997-04
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Contents
Executive Summary
I. The Promise of Parental Choice in Education
II. Michigan Constitutional Restraints on Parental Choice
III. Expanding Parental Choice with a Universal Tuition Tax Credit
IV. Impact of the UTTC on State and Local Finances
Appendix I: A Model of School Finance
Private and Public Financing of Schools
A Model of State and Local Finance: Assumptions
Universal Tuition Tax Credit Dynamics
The Education Market
Price Elasticity of Demand
Price Elasticity of Demand for Michigan Alternative Schools
Predicting Consumer Behavior
Calculating Demand
Applying Constraints to the Model
Likely Migration to Alternative Schools
Limits on Migration
The Fiscal Impact of the Universal Tuition Tax Credit
Appendix II. Questions and Answers Regarding the Universal Tuition Tax Credit
Endnotes
ADDENDUM
