TY - JOUR
T1 - Equity and Efficiency as Implemented in School Finance Policy
AU - Hadar, I.
AU - Paulino, Amable
PY - 2009
Y1 - 2009
N2 - The tension between the two values of equity and efficiency is reflected in the planning of school
finance policy (SFP) as well as in its implementation. As derived from this dynamics, a
decentralized finance mechanism is viewed as more efficient and less equity-oriented than a
centralized finance mechanism. In light of this view, the purpose of this research is to design an
innovative SFP which aims to combine achieving equity and efficiency within a centralized
finance system. In doing so, the design of this SFP involves to redefine the term educational
equity to improve the rationalization of SFP. To this end, the evolution of educational efficiency
and equity will be intertwined as the two leading concepts. In this regard, SFP that focuses on
centralization /decentralization will be analyzed in accordance with their degree of achievement
of efficiency and equity. Furthermore, a new SFP that combines a needs-based allocation of
resources and improvement-based incentives will be presented and discussed. According to this
new SFP, additional resources will be allocated to schools that will endeavor to improve the
distribution of their students' pedagogical achievements. Finally, the addition of the incentives
for improvement component will contribute to increase the efficiency, while achieving equity, in
a centralized finance system.
AB - The tension between the two values of equity and efficiency is reflected in the planning of school
finance policy (SFP) as well as in its implementation. As derived from this dynamics, a
decentralized finance mechanism is viewed as more efficient and less equity-oriented than a
centralized finance mechanism. In light of this view, the purpose of this research is to design an
innovative SFP which aims to combine achieving equity and efficiency within a centralized
finance system. In doing so, the design of this SFP involves to redefine the term educational
equity to improve the rationalization of SFP. To this end, the evolution of educational efficiency
and equity will be intertwined as the two leading concepts. In this regard, SFP that focuses on
centralization /decentralization will be analyzed in accordance with their degree of achievement
of efficiency and equity. Furthermore, a new SFP that combines a needs-based allocation of
resources and improvement-based incentives will be presented and discussed. According to this
new SFP, additional resources will be allocated to schools that will endeavor to improve the
distribution of their students' pedagogical achievements. Finally, the addition of the incentives
for improvement component will contribute to increase the efficiency, while achieving equity, in
a centralized finance system.
UR - https://scholar.google.co.il/scholar?q=Equity+and+efficiency+as+implemented+in+school+finance+policy&btnG=&hl=en&as_sdt=0%2C5
M3 - Article
SP - 1
EP - 17
JO - Journal of Leadership, Accountability and Ethics
JF - Journal of Leadership, Accountability and Ethics
ER -