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The Economic Value of Higher Teacher Quality
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Year: 2010 Publisher: Cambridge, Mass. National Bureau of Economic Research

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How Much Do Educational Outcomes Matter in OECD Countries?
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Year: 2010 Publisher: Cambridge, Mass. National Bureau of Economic Research

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The Economics of International Differences in Educational Achievement
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Year: 2010 Publisher: Cambridge, Mass. National Bureau of Economic Research

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Household Location and Schools in Metropolitan Areas with Heterogeneous Suburbs; Tiebout, Alonso, and Government Policy
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Year: 2010 Publisher: Cambridge, Mass. National Bureau of Economic Research

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Sample Selectivity and the Validity of International Student Achievement Tests in Economic Research
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Year: 2010 Publisher: Cambridge, Mass. National Bureau of Economic Research

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Constrained Job Matching: Does Teacher Job Search Harm Disadvantaged Urban Schools?
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Year: 2010 Publisher: Cambridge, Mass. National Bureau of Economic Research

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The Economic Value of Higher Teacher Quality
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Year: 2010 Publisher: Cambridge, Mass. National Bureau of Economic Research

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Most analyses of teacher quality end without any assessment of the economic value of altered teacher quality. This paper combines information about teacher effectiveness with the economic impact of higher achievement. It begins with an overview of what is known about the relationship between teacher quality and student achievement. This provides the basis for consideration of the derived demand for teachers that comes from their impact on economic outcomes. Alternative valuation methods are based on the impact of increased achievement on individual earnings and on the impact of low teacher effectiveness on economic growth through aggregate achievement. A teacher one standard deviation above the mean effectiveness annually generates marginal gains of over $400,000 in present value of student future earnings with a class size of 20 and proportionately higher with larger class sizes. Alternatively, replacing the bottom 5-8 percent of teachers with average teachers could move the U.S. near the top of international math and science rankings with a present value of $100 trillion.


Digital
The Economics of International Differences in Educational Achievement
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Year: 2010 Publisher: Cambridge, Mass National Bureau of Economic Research

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An emerging economic literature over the past decade has made use of international tests of educational achievement to analyze the determinants and impacts of cognitive skills. The cross-country comparative approach provides a number of unique advantages over national studies: It can exploit institutional variation that does not exist within countries; draw on much larger variation than usually available within any country; reveal whether any result is country-specific or more general; test whether effects are systematically heterogeneous in different settings; circumvent selection issues that plague within-country identification by using system-level aggregated measures; and uncover general-equilibrium effects that often elude studies in a single country. The advantages come at the price of concerns about the limited number of country observations, the mostly cross-sectional character of available achievement data, and possible bias from unobserved country factors such as culture. This chapter reviews the economic literature on international differences in educational achievement, restricting itself to comparative analyses that are not possible within single countries and placing particular emphasis on studies trying to address key issues of empirical identification. While quantitative input measures show little impact, several measures of institutional structures and of the quality of the teaching force can account for significant portions of the immense international differences in the level and equity of student achievement. Variations in skills measured by the international achievement tests are in turn strongly related to individual labor-market outcomes and, perhaps more importantly, to cross-country variations in economic growth.


Digital
Household Location and Schools in Metropolitan Areas with Heterogeneous Suburbs; Tiebout, Alonso, and Government Policy
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Year: 2010 Publisher: Cambridge, Mass National Bureau of Economic Research

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An important element in considering school finance policies is that households are not passive but instead respond to policies. Household behavior is especially important in considering how households affect the spatial structure of metropolitan areas where different jurisdictions incorporate bundles of advantages and disadvantages. This paper adds richness to existing urban models by incorporating multiple workplace locations, alternative public services by jurisdiction (school qualities), and voter- determined school expenditure. In our general equilibrium model of residential location and community choice, households base optimizing decisions on commuting costs, school quality, and land rents. The resulting equilibrium has heterogeneous communities in terms of income and tastes for schools. This basic model is used to analyze a series of conventional policy experiments, including school district consolidation and district power utilization. The important conclusion within our range of simulations is that welfare falls for all families with the restrictions on choice that are implied by these approaches.


Digital
Sample Selectivity and the Validity of International Student Achievement Tests in Economic Research
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Year: 2010 Publisher: Cambridge, Mass National Bureau of Economic Research

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Critics of international student comparisons argue that results may be influenced by differences in the extent to which countries adequately sample their entire student populations. In this research note, we show that larger exclusion and non-response rates are related to better country average scores on international tests, as are larger enrollment rates for the relevant age group. However, accounting for sample selectivity does not alter existing research findings that tested academic achievement can account for a majority of international differences in economic growth and that institutional features of school systems have important effects on international differences in student achievement.

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