Saturday, November 10, 2012
Carroll (Sheraton Baltimore City Center Hotel)
*Names in bold indicate Presenter
This paper examines whether there are diminishing returns to education expenditures using cross-country data. Education spending is positively related to student achievement among countries that spend relatively little, such that among these countries, an additional US$1000 in per-pupil expenditures is associated with a 0.2 standard deviation increase in mean student achievement. In contrast, there is no association between student achievement and educational spending among high-spending countries.