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| Title: | The Economic Return to School Quality: A Partial Survey |
| Authors: | Krueger, Alan B.
Card, David |
| Keywords: | school quality
student achievement
earnings |
| Issue Date: | 1-Oct-1994 |
| Citation: | In William E. Becker and William J. Baumol (eds.), Assessing Educational Practices: The Contribution of Economics, (Cambridge, MA:MIT Press, 1995) |
| Series/Report no.: | Working Papers (Princeton University. Industrial Relations Section) ; 334 |
| Abstract: | We present a survey of the literature on the economic returns to school quality. A
dozen studies conducted over the past 20 years show remarkably consistent estimates of the
effect of school quality on students’ subsequent earnings. A 10 percent increase in school
spending is associated with 1 to 2 percent higher annual earnings for students later in life.
We argue that the similarity of the findings across data sources and research methods suggests
that school quality has a true causal effect on student earnings. Increases in school resources
are also associated with significantly higher educational attainment, although the range of
estimates of the effect is relatively wide. |
| URI: | http://arks.princeton.edu/ark:/88435/dsp01r781wg02t |
| Appears in Collections: | IRS Working Papers
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