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Stephen J. Carroll

Santa Monica Office

Senior Economist

Education

Ph.D. in economics, Johns Hopkins University; M.S., Illinois Institute of Technology; B.S., Illinois Institute of Technology

Biography

Dr. Stephen Carroll joined RAND in 1968. His research focuses on policy issues in education and in civil justice. Steve is Secretary and Chief Financial Officer of the Council for Aid to Education. He served as Research Director of RAND Education from 1994 through 1998 and as Deputy Director of the RAND Institute for Civil Justice from 1980 through 1986. Dr. Carroll's recent work has focused on the challenges facing the Los Angeles Community College District and on the condition of K-12 education in California. He recently completed analyses of higher education's likely future prospects and challenges in California, Texas, and Nationwide. In past studies, he has led analyses of the labor market for teachers in California, the influence of financial aid and other factors on students' college-going behavior, trends and patterns in K-12 spending, the fiscal impacts of voucher systems, the effects of school inputs and other factors on students' achievement, local school districts' expenditure behavior, the consequences of school finance reform and the labor market for teachers. He has published two books through RAND's book program: The Search for Equity in School Finance and How Effective is Education Dr. Carroll is a member of the advisory council to the Los Angeles Unified School District's Master Planning and Demographics Unit. He has served on the California State Controller's Economic Advisory Council. As a consultant to the Los Angeles Superior Court, he developed simulations of alternative plans for desegregating the Los Angeles Unified School District.

Research Focus

Asbestos litigation; auto insurance; bankruptcy; education; returns to investments in education; terrorism insurance; law and economics; public finance; economics of education; terrorism insurance

RAND Research Areas

Child Policy; Civil Justice; Education

Recent Projects

  • Terrorism risk management policies
  • Civil litigation compensation and costs
  • Condition and performance of California's K-12 public schools

Selected Publications

Stephen J. Carroll et al., Asbestos Litigation, RAND Corporation, 2005

Stephen J. Carroll et al., California's K-12 Public Schools: How Are They Doing?, RAND Corporation, 2005

Stephen J. Carroll et al., Distribution of Losses from Large Terrorist Attacks Under the Terrorism Risk Insurance Act, RAND Corporation, 2005

Lloyd S. Dixon et al., Issues and Options for Government Intervention in the Market for Terrorism Insurance, RAND Corporation, 2005

Biography

Stephen Carroll joined RAND in 1968. His research focuses on policy issues in civil justice and in education. Steve's current civil justice work focuses on fraud and abuse in personal bankruptcies and the effects of recent modifications to the bankruptcy law. He recently completed a widely cited analysis of asbestos litigation costs and compensation and an analysis of the losses that could result in each of a large number of terrorist attack scenarios and the effects of alternative federal policies on the ultimate distribution of those losses. He has led several analyses of the effects of various automobile insurance systems.

In education, Steve recently completed an analysis of trends and patterns in California's public K-12 education system. In previous work, Steve has led studies of the effects of budget limitations on the Los Angeles Community College District, of the labor market for teachers in California, and of higher education's likely future prospects and challenges in California, Texas, and nationwide.

Research Focus

Bankruptcy; auto insurance; returns to investments in education; civil justice; education; terrorism

RAND Research Areas

Child Policy; Civil Justice; Education

Recent Projects

  • Identifying Fraud, Abuse, and Error in Personal Bankruptcy
  • Effects of Using IRS Expense Standards to Calculate a Debtor's Monthly Disposable Income
  • California's K-12 Public Schools: How Are They Doing?
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