The Economic Returns to Increased Educational Spending

With the help of data from the Project Talent national survey of high schools, and follow-up surveys from the same source, this paper attempts measurement of the long-run effects of increased school spending. School expenditures are found to influence how many years of schooling an individual eventu...

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Bibliographic Details
Published in:The Journal of human resources 1975-01, Vol.10 (1), p.56-77
Main Authors: Ribich, Thomas I., Murphy, James L.
Format: Article
Language:English
Subjects:
Coefficients
Economic aspects
Education
Educational attainment
Expenditures
Finance
High schools
Human resources
Income
Income estimates
Lifetime
Regression coefficients
Return on investment
Socioeconomic status
Spending
Statistical significance
Studies
Test scores
United States
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Summary:With the help of data from the Project Talent national survey of high schools, and follow-up surveys from the same source, this paper attempts measurement of the long-run effects of increased school spending. School expenditures are found to influence how many years of schooling an individual eventually receives, and the chief effect of spending differences on lifetime income is found to work through this school continuation link. The time-discounted lifetime income gain that is associated with increased spending is estimated to be less than the amount of the increased spending.
ISSN:0022-166X
1548-8004
DOI:10.2307/145119