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

Does Money Still Matter? Attainment and Earnings Effects of Post-1990 School Finance Reforms 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Labor Economics University of Chicago Press

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

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References (43)

Publisher
University of Chicago Press
Copyright
© 2022 The University of Chicago. All rights reserved.
ISSN
0734-306X
eISSN
1537-5307
DOI
10.1086/717934
Publisher site
See Article on Publisher Site

Abstract

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.

Journal

Journal of Labor EconomicsUniversity of Chicago Press

Published: Apr 1, 2022

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