There are several ways to construct an education price index (EPI). This report represents an attempt to identify methods and procedures for producing an accurate measure of educational resource input price indices. The methods are largely mathematical equations that link student achievement to the unique social, political, and economic costs of…

This paper provides a conceptual framework for addressing the issue of effectiveness and efficiency in education. It considers alternative criteria for identifying efficiency and discusses constraints on improving efficiency. The first section distinguishes efficiency from effectiveness, and also distinguishes "internal" from "external" efficiency…

This publication is a discussion of the concept of an educational production function, a mathematical formulation of the relationship between inputs and outputs in education. A description of how a production function can direct decision making toward economic efficiency precedes a theoretical discussion of the nature of actual estimation. Several…

Topics related to the identification and use of effectiveness indicators in the economic analysis of education are discussed. These topics include the relation between economic concepts and educational production; the economic concept of utility; and the nature and use of input, process, output, and outcome indicators. (TJH)

This study investigates the income-cost effects resulting from public and private higher education expenditures in Japan. Economic returns are presented according to sex, public or private sector, and areas of study, and the method of government expenditure on education in Japan is evaluated. (TE)

Urges social scientists of various disciplines to turn their attention to the public schools. Illustrates thesis by applying principles and tools of economics to a variety of educational problems. (JES)

The interests of economists in educational systems have taken two directions: (1) Concern for the interchange of resources between educational systems and the national economy, and (2) an interest in the production of education. In expressing the resource interchange, economists rely on the language of productivity. Of concern is the global…

Aimed at federal, State, and local educational administrators; educational researchers familiar with cost-benefit analysis and econometrics; and economists interested in problems of educational finance, this study explores the applicability of an econometric model of evaluation to the efficiency of schools. The emphasis is on assessing school…

Analyzes resource allocations in institutions of higher education to undergraduate costs, graduate costs, and faculty research and teaching time in order to determine educational "productivity." Although real undergraduate costs were found to be much lower than previously assumed, cost-based subsidies and the redistributive effects of higher…

Production function applications to improve the efficiency of educational programs require identification of inputs and outputs and the establishment of a data bank to provide information on input and output variables. This generalizable input identification model organizes inputs for systems analysis at various levels of inputs and provides a…

This report explores some techniques that could assist educational managers in their attempts to arrive at more optimal input and output mixes. Following a review of the literature on input-output analyses in education and a description of the Pennsylvania Educational Quality Assessment Program (the basis of the present study), an empirical…

A partial survey of the literature on the economics of vocational training reveals three important lessons on how evaluations may be undertaken using data on pay, inputs, and outputs. The first lesson is that social, corporate, and private returns to vocational training in developing countries appear to be high enough to justify expanding training…

This monograph summarizes and evaluates "educational production function analyses"--studies of the relation between inputs and outputs in an education system--in order to aid in educational manpower policy making. In addition, data from New York state school districts and from a large national sample of high school students is subjected to…

Explores secondary economic effects of rural Minnesota school districts, including purchasing power of payrolls, employment, retail stimulus, recapture of taxes, property values, and banking services. Provides nontechnical approach to interpreting how school operations offset costs of rural education. Study can be replicated by rural educators.…