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Econ bros: will Florida universal k-12 vouchers ($8k/kid) just increase tuition?
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Date: March 26th, 2023 10:54 AM Author: trip plaza genital piercing DeShabbos is gonna sign this universal school choice bill. Is the effect that private schools will just raise tuition by the corresponding $8k of the voucher because they know people can pay, and still give discounts to those who cannot afford it. (http://www.autoadmit.com/thread.php?thread_id=5313045&forum_id=2#46098674) |
Date: March 26th, 2023 12:06 PM Author: trip plaza genital piercing (http://www.autoadmit.com/thread.php?thread_id=5313045&forum_id=2#46098942) |
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Date: March 26th, 2023 12:10 PM Author: geriatric swollen police squad becky Definitely.
Demend for private will go up, will take years for new schools to launch -- ie supply is inelastic. Price will go up. |
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Date: March 26th, 2023 12:24 PM Author: trip plaza genital piercing demand will go up certainly but i'd disagree that supply is inelastic. how many private schools are at capacity and cant take way the fuck more students? i'd bet most of them are desperate for kids to fill seats and can easily take on more students, if not expand if need be (http://www.autoadmit.com/thread.php?thread_id=5313045&forum_id=2#46099002) |
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Date: March 26th, 2023 12:29 PM Author: geriatric swollen police squad becky Can't speak for Florida, but where I live, the same for private schools is probably 3-4x the supply and schools can't / won't expand. And launching a new school is very hard. (http://www.autoadmit.com/thread.php?thread_id=5313045&forum_id=2#46099017) |
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Date: March 27th, 2023 10:23 AM Author: canary stage jewess not at all
look at Catholic school enrollment in 1990 vs today. it's down like 40%, but the schools haven't shrunken 40%. (obviously some schools have closed but again not 40% of them). they can easily absorb more kids. |
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Date: March 26th, 2023 12:26 PM Author: Sticky razzle house you moved to florida too? why has every jew moved to florida? you, tmf, boor, rsf spends a lot of time there (http://www.autoadmit.com/thread.php?thread_id=5313045&forum_id=2#46099005) |
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Date: March 26th, 2023 12:27 PM Author: trip plaza genital piercing no. it's just big news bc there are lots of jews in florida and it's an option long term for us (http://www.autoadmit.com/thread.php?thread_id=5313045&forum_id=2#46099010) |
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Date: March 26th, 2023 12:29 PM Author: Green big area To some extent yes. But it's unclear who will capture all the surplus. Hopefully the kids get some. (http://www.autoadmit.com/thread.php?thread_id=5313045&forum_id=2#46099022) |
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Date: March 26th, 2023 12:32 PM Author: trip plaza genital piercing how would kids get surplus? bc the school has mo money for dem programs? (http://www.autoadmit.com/thread.php?thread_id=5313045&forum_id=2#46099031) |
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Date: March 26th, 2023 1:04 PM Author: Green big area Private schools raise tuition by $8k and no additional students go to private school: Schools capture all benefit.
Private schools raise tuition by $2k and more students go to good private schools: students capture 75% of the benefit. |
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Date: March 26th, 2023 1:06 PM Author: Cream kitty cat lmao (http://www.autoadmit.com/thread.php?thread_id=5313045&forum_id=2#46099196) |
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Date: March 26th, 2023 1:48 PM Author: trip plaza genital piercing (http://www.autoadmit.com/thread.php?thread_id=5313045&forum_id=2#46099360) |
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Date: March 26th, 2023 8:36 PM Author: indigo set No - that's not the case at all.
In the long term, the number of private schools is largely going to be dictated by the profitability of having a private school. New privates will open up and the "profit" from the extra $8,000 will eventually be eaten up and things will go back to zero.
In the short term, this may be true to some extent but there are a lot of limiting factors (i) no schools can just raise tuition for $8,000 with out getting some flack and (ii) the supply of private schools isn't as inelastic as you think - a lot of these schools can just hire more teachers, increase class sizes, etc - you don't necessarily have to build an entirely new school right away.
You also have to consider that sometimes this stuff is hard to predict. When the Biden admin gave $7,500 to EV purchases it was dumb as hell given that in that case demand really outstripped supply - and to your point, Ford and others just jacked up their price by $7,500 - but because they excluded Tesla, Tesla went rogue and lowered their prices and everyone had to lower their prices. |
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Date: March 27th, 2023 10:19 AM Author: trip plaza genital piercing >>New privates will open up and the "profit" from the extra $8,000 will eventually be eaten up and things will go back to zero.
the elites arent going to send their kid to new shitty privates. won't there still be demand around the existing "good: ones?
>>In the short term, this may be true to some extent but there are a lot of limiting factors (i) no schools can just raise tuition for $8,000 with out getting some flack and (ii) the supply of private schools isn't as inelastic as you think - a lot of these schools can just hire more teachers, increase class sizes, etc - you don't necessarily have to build an entirely new school right away.
i agree on ii) but i think they can easily do i) in 2-3 yrs. if they increase their financial aid for the kids who cant afford it, they can justify it. |