... since (with the exception of Vermont) they must balance their budget each fiscal year (or every two years, in the case of biennial budgets). As funding declines for other state projects, these ... up in the top part of the distribution as someone who was born into the upper end of the distribution. Among children born into the bottom quintile (leftmost column in each panel), those without ... work. As education was publicly funded for them, these young adults would then, in turn, pay for the education of the next generation. As a result of the high school movement, high school completion...