Does Money Still Matter? Attainment and Earnings Effects of Post-1990 School Finance Reforms

• 成果类型: Article
• 署名作者: Rothstein, Jesse; Schanzenbach, Diane Whitmore
• 署名单位: University of California System; University of California Berkeley; Northwestern University
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/717934
• 发表日期: 2022
• 页码: S141-S178
• 关键词: quality; education; performance; RESOURCES; GENDER

摘要

In two 1992 papers, Card and Krueger used labor market outcomes to study the productivity of school spending. Following their lead, we examine the effects of post-1990 school finance reforms on students' educational attainment and labor market outcomes. Using a state-by-cohort panel design, we find that reforms increased high school completion and college-going, concentrated among Black students and women, and raised annual earnings. The reforms also increased the return to education, particularly for Black students and men, driven by the return to high school.