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Economic Analysis of School Quality

Eric A. Hanushek
Published Date: 
European Economy: Quality and Efficiency in Education
Special Report No 3. Brussels: Directorate-General for Economic and Financial Affairs, European Commission
pp. 29-48

Most empirical analyses of human capital have concentrated solely on the quantity of schooling attained by
individuals, ignoring quality differences. This focus contrasts sharply with policy considerations that almost
exclusively consider school quality issues. This paper presents basic evidence about the very substantial
impacts of school quality on individual earnings and on economic growth. It then discusses the policy issues
facing nations.