Summary of Dissertation (Kwon, 2026)

From raw source to model variables

Hover over (or tap) any source or variable to see which items it connects to. Colored squares in each data source indicate which chapter the dataset is used in (Chapter II, III, or IV)

{{ nSrc }}
sources
{{ nVar }}
variables
Chapter II
Chapter III
Chapter IV
not used
{{ hint }}
Data Sources
{{ s.n }}
{{ s.count }}
{{ s.d }}
Model variables
{{ e.name }}
{{ e.spec }}
{{ e.n }} {{ e.caret }}
{{ g.r }}
{{ v.name }}
1 State aid: state revenues/total income in the district
2 Tax price: median housing price/per pupil property values (100% equalized assessed value)
3 Administrative Capacity: the number of district administrators per 1,000 pupils
Dissertation chapters / Visualization

Georgia School District Financial Conditions

How does charter competition affect the financial condition of Georgia traditional public school districts? Using an instrumental variables strategy on 2015–2019 data and four need-capacity indicators, this chapter finds that charter school impacts are far from uniform: the financial consequences depend heavily on policy design (state vs. local charter schools) and district context (city vs. non-city districts).

Instrumental variables Local government financial conditionNeed-capacity indicator Georgia2015–2019

School District Borrowing Costs

Does charter entry raise borrowing costs for school districts? Using a national panel of 2011–2019 general obligation bonds and a Heckman selection model, this research quantifies the penalty of charter competition in the bond market: about $15,700 in additional annual interest cost, which is about $314,000 in added costs over a 20-year bond lifespan.

Heckman two-step General obligation bondsTrue Interest Costs United States2011–2019

Education Outcomes in Georgia

Did Georgia's charter system reform improve district outcomes? Using 172 districts from 2004–2014 and a staggered synthetic difference-in-differences design, the reform shows little effect on state standardized test passing rates. Incentives and regulatory flexibility alone did not improve school district performance.

Synthetic DiD State test outcomes Georgia2004–2014
Happy to talk through any of this in more detail.
Email me