Does School Quality Matter? Returns to Education and the Characteristics of Public Schools in the United States

  title={Does School Quality Matter? Returns to Education and the Characteristics of Public Schools in the United States},
  author={David Card and Alan B. Krueger},
  journal={Journal of Political Economy},
  pages={1 - 40}
This paper estimates the effects of school quality--measured by the pupil/teacher ratio, average term length, and relative teacher pay--on the rate of return to education for men born between 1920 and 1949. Using earnings data from the 1980 census, we find that men who were educated in states with higher-quality schools have a higher return to additional years of schooling. Rates of return are also higher for individuals from states with better-educated teachers and with a higher fraction of… Expand
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