The Economic Returns to Increased Educational Spending |
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analysis assumed average current earnings AVSE b₂E calculation coefficient relating spending Coleman Report Combining coefficients CONSTANT EDA TAFQT costs current occupation CXPSY Dependent Variable TAFQT discounted earnings gain economic EDA YLFA education levels effect of school effect of spending experimentally controlled extra spending Henry Levin high school graduates high status human capital income gain increased spending Independent Variable CONSTANT individual's current influence J.C. Flanagan James Murphy lifetime earnings lifetime income measure low status individuals major occupational categories negative ninth grade NON-SOUTH WHITES nonwhites and Southerners note to Table number of individual occupation and education Ordinary least squares percent Pittsburgh Probit Project Talent follow Project Talent follow-up questionnaire Rates of Return REGRESSION RESULTS response bias sample size school continuation school district school quality school spending schooling completed standard deviation statistically significant theoretical tical U.S. Census U.S. Department University of Pittsburgh Variable CONSTANT EDA Variable TAFQT EDA