« The Fed Should Allow Wages to Rise | Main | 'The Fed and the Quest to Raise Rates' »

Thursday, March 17, 2016

'Throwing Money at the Problem' May Actually Work in Education

Bridget Ansel at Equitable Growth:

“Throwing money at the problem” may actually work in education: When it comes to tackling the United States’ large and growing achievement gap between high- and low-income children, today’s education policy entrepreneurs have increasingly adopted an accountability-and-evaluation mindset. Well-known policies including No Child Left Behind, Common Core standards, Race to the Top, and charter schools all stem from the conventional wisdom that we can’t just “throw money at the problem.”
But in the case of our national education policy, does this conventional wisdom hold true? Maybe not. New research by Julien Lafortune and Jesse Rothstein of the University of California, Berkeley, and Diane Whitmore Schanzenbach of Northwestern University finds that an increase in relative funding for low-income school districts actually has a profound effect on the achievement of students in those districts. ...
 LaFortune, Rothstein, and Schanzenbach find that ... increasing funding per pupil by about $1,000 raises test scores by 0.16 standard deviations—roughly twice the impact as investing the same amount in reduced class sizes (according to data from Project STAR, a highly acclaimed study of Tennessee schools in the 1980s). ...

    Posted by on Thursday, March 17, 2016 at 07:47 AM in Economics, Education | Permalink  Comments (37)


    Comments

    Feed You can follow this conversation by subscribing to the comment feed for this post.