Economics of Education - Assignment Example

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Economics of Education

In a sequence of items over the past ten years, Hanushek used 38 different pieces of writing and put focus on: pupil/teacher ratio, education and experience of the teacher, teacher’s salary, Per Pupil Expenditure (PPE), administrative inputs and facilities. He reviews the evidence of a large number of studies basing on their views of the relationship between spending and school performance. He conducted vote-count based on aggregating 187 studies in 38 separately published books where in each publication there are several regression equations. He classified the relation between each input variable and an output variable into one of five categories according to the direction of the regression coefficient's sign (positive or negative) and its statistical significance (significant or non-significant). The fifth is coefficients that were non-significant but for which it was impossible to determine the direction of the coefficient's sign from the reported results. His conclusion is that money doesn’t matter as school’s output is concerned (Hanushek 150-164). Hedges et al study This study is a reanalysis of the evidence examined by Hanushek. These researchers found that a “systematic positive patterns in the relationships between educational resource inputs and student outcomes” exists. ...Show more

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Name: Course: Instructor: Institution: Date: Economics of Education Question 1 Hanushek study In his study he explains that the most useful approach to finding the determinants of students’ achievement is the production-function approach, or else input-output to establish how educational inputs can be transformed into educational outcomes…
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Economics of Education essay example
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