Economics of Education - Assignment Example

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Economics of Education

Hanushek uses statistical analysis, typically regression analysis, to analyze results from a total of 137 studies. He samples the work to smaller groups depending on the number of researches that used a given parameter. He investigates three main factors that have greatly been used to determine basic school expenditures namely schools, expenditure and achievement. According to most researches, instructional expenditures accounts for approximately two thirds of a school’s expenditure. Instructional expenditures are determined by class sizes and teacher salaries. For these reason, he sampled a total of 7 expenditure parameters used in a majority of the investigated studies. These parameters include teacher/pupil ratio, teacher experience, teacher education, teacher salary, administrative inputs, expenditure/pupil, and facilities. By analyzing the impact of each of these parameters, Hanushek sought to show that there is no strong correlation between the level of expenditure and the school performance and therefore, school policies should not be formulated based on this (Hanushek ). ...Show more

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Name: Instructor: Course: Date: Economics of Education Question 1 In his article, Hanushek sought to establish the impact of disparities in schools’ expenditures on general school performance levels. He does this by carrying out an extensive literature review of previous researches about the topic…
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