Education Matters: Selected Essays

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A summary of economic research on education conducted by Krueger in the 1990s. The papers are divided into four major sections: estimating the payoff of completing more education; estimating the payoff of school quality; issues related to race and education; and changes in educational payoff over time, including technological change. A final two essays consider education and economic growth, with a focus on Sweden, and evaluate whether American schools are "broken." Krueger (economics and public affairs, Princeton U.) is also author of and served as the chief economist of the U.S. Labor Department of in 1994 and 1995. Annotation c. Book News, Inc., Portland, OR (
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Table of Contents

1 Does Compulsory School Attendance Affect Schooling and Earnings? 3
2 The Effect of Age at School Entry on Educational Attainment: An Application of Instrumental Variables with Moments from Two Samples 39
3 Split-Sample Instrumental Variables Estimates of the Return to Schooling 48
4 Estimates of the Economic Return to Schooling with a New Sample of Twins 59
5 Measuring Labor's Share 76
6 School Resources and Student Outcomes: An Overview of the Literature and New Evidence from North and South Carolina 85
7 Labor Market Effects of School Quality: Theory and Evidence 105
8 Does School Quality Matter? Returns to Education and the Characteristics of Public Schools in the United States 149
9 Experimental Estimates of Education Production Functions 189
10 School Quality and Black-White Relative Earnings: A Direct Assessment 227
11 Race and School Quality since Brown v. Board of Education 277
12 Changes in the Structure of Wages in the Public and Private Sectors 341
13 How Computers have Changed the Wage Structure: Evidence from Microdata, 1984-1989 377
14 Education for Growth in Sweden and the World 407
15 Reassessing the View that American Schools are Broken 459
Name index 475
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