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The Economic Return to School Quality: A Partial Survey

Author

Listed:
  • David Card

    (Princeton University)

  • Alan B. Krueger

    (U.S. Department of Labor and Princeton University)

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.

Suggested Citation

  • David Card & Alan B. Krueger, 1994. "The Economic Return to School Quality: A Partial Survey," Working Papers 713, Princeton University, Department of Economics, Industrial Relations Section..
    • Handle: RePEc:pri:indrel:334
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    More about this item

    Keywords

    school quality; student achievement; earnings;
    All these keywords.

    JEL classification:

    • A30 - General Economics and Teaching - - Multisubject Collective Works - - - General

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