TY - JOUR
T1 - Does Money Still Matter? Attainment and Earnings Effects of Post-1990 School Finance Reforms
AU - Rothstein, Jesse
AU - Schanzenbach, Diane Whitmore
N1 - Publisher Copyright:
© 2022 The University of Chicago. All rights reserved.
PY - 2022/4
Y1 - 2022/4
N2 - 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.
AB - 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.
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U2 - 10.1086/717934
DO - 10.1086/717934
M3 - Article
AN - SCOPUS:85128933879
SN - 0734-306X
VL - 40
SP - S141-S178
JO - Journal of Labor Economics
JF - Journal of Labor Economics
IS - S1
ER -