Journal of Political Economy
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Does School Quality Matter? Returns to Education and the Characteristics of Public Schools in the United States [статья]
Опубликовано на портале: 08-12-2003David Card, Alan B. Krueger Journal of Political Economy. 1992. Vol. 100. No. 1. P. 1-40.
This paper estimates the effects of school quality--measured by the pupil/teacher ratio, average term length, and relative teacher pay--on the rate of return to education for men born between 1920 and 1949. Using earnings data from the 1980 census, we find that men who were educated in states with higher-quality schools have a higher return to additional years of schooling. Rates of return are also higher for individuals from states with better-educated teachers and with a higher fraction of female teachers. Holding constant school quality measures, however, we find no evidence that parental income or education affects average state-level rates of return.
Опубликовано на портале: 08-12-2003Edward Lazear Journal of Political Economy. 1977. Vol. 85. No. 3. P. 569-598.
This paper attempts to determine whether the relationship between education and income results because schooling allows individuals to earn higher income or because higher income individuals purchase more of all normal goods, including schooling. Education is treated as a joint product, producing potential wage gains and utility simultaneously. The framework permits estimation of the rental price of a unit of education, net of consumption effects. The major finding is that education does causally produce income. By moving from 0 years of schooling to 12 years, the mean individual approximately triples his wealth. More surprising is that education is a bad." Individuals stop short of acquiring the wealth-maximizing level of education because of the disutility associated with school attendance.