An Exchange: Part I* : Does Money Matter? A Meta-Analysis of Studies of the Effects of Differential School Inputs on Student Outcomes

@article{Hedges1994AnEP,
  title={An Exchange: Part I* : Does Money Matter? A Meta-Analysis of Studies of the Effects of Differential School Inputs on Student Outcomes},
  author={Larry V Hedges and Richard D. Laine and Rob Greenwald},
  journal={Educational Researcher},
  year={1994},
  volume={23},
  pages={14 - 5}
}
Research on educational production functions attempts to model the relation between resource inputs and school outcomes such as educational achievement. Over the last decade a series of influential reviews of this literature have suggested that there is no systematic relation between resource inputs and school outcomes when controlling for student characteristics such as socioeconomic status. The inference procedure used in these reviews, vote counting, is known to be problematic. This study is… 

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