Archive for December, 2014|Monthly archive page

A Finland Rule in the Education Market: Funding Per Student

In Education on December 8, 2014 at 1:42 AM

For economists, “automatic stabilizers” are often referred to in percentage terms. The income tax is considered a primary example. If you lose your job, then you pay nothing—a beneficial arrangement. Alternatives to percentages exist however. In the funding of American education, nonetheless, a peculiar percentage is central and destabilizing at second glance. That is the American local government property tax percentage or millage rate, which funds the public school systems. In short, the American funding approach for education should be replaced by Finland’s approach, i.e., funding per student.
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