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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
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.
Appears in Collections:IRS Working Papers

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