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α: calibrated so average coauthorship-adjusted count equals average raw count
Martin Feldstein provides a simple framework for analyzing one concept of equality of opportunity in school finance-wealth neutrality. When his approach is applied to Delaware, it is found that wealth neutrality can be achieved only with drastic changes in the state's school finance mechanism. One of the unique features of the study is that we allow for and find significant interdistrict differences in wealth elasticities. Such interdistrict variations are likely to make the achievement of wealth neutrality, in the Feldstein sense, very difficult.