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Economic Analysis of School Quality

Author/s: 
Eric A. Hanushek
Published Date: 
2004
Publication: 
European Economy: Quality and Efficiency in Education
Details: 
Special Report No 3. Brussels: Directorate-General for Economic and Financial Affairs, European Commission
Pages: 
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.