Comparable Wages, Inflation and School Finance Equity

Topics:
Equity,
Inflation
Tags:
Benefits,
Salary,
Payroll Solutions,
Inflation,
Human Resources,
Financial Accounting,
Finance,
Educator,
Comparable Wage Index,
Texas A&M University
Source:
Texas A&M University

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Overview: Educational dollars don't go quite as far in some parts of the country as they do in others. Therefore, there is considerable interest in developing a measure of the cost of education that can facilitate cross-state comparisons of school district expenditures and be used to adjust school finance formula. One attractive mechanism for measuring geographic variations in cost is the Comparable Wage Index (CWI). A CWI reflects systematic, regional variations in the salaries of workers who are not educators. Provided that those non-educators are similar to educators in terms of age, educational background and tastes for local amenities, a Comparable Wage index can be used to measure uncontrollable variations in the wages paid to educators.

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Format: PDF | Size: 232KB | Date: Mar 2005 | Pages: 44

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