Abstract
This study explores the cost savings (efficiency) of a year-round schedule versus a traditional 9-month schedule for schools in Clark County, Nevada. Unlike many previous studies, the cost of real estate capital is included in the estimated cost functions. The sample includes 115 elementary schools, 26 with a year-round schedule, and the study finds that this schedule not only produces efficiencies in the cost of capital area but also in other areas such as operations. These efficiencies are evident after taking into account the usual average daily attendance, test performance scores, and socioeconomic variables that are customarily used in such studies. The existence and size of efficiencies discovered in this study have implications for those school districts that face a rapidly growing student population.
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