Does School Quality Matter? Returns to Education and the Characteristics of Public Schools in the United States
利用1980年人口普查数据，估计了1920-1949年出生的美国男性中，学校质量（生师比、学期长度、教师薪资）对教育回报率的影响，发现高质量学校能提高教育回报。
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, the authors 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 female teachers. Holding constant school quality measures, however, the authors find no evidence that parental income or education affects average state-level rates of return. Copyright 1992 by University of Chicago Press.