ERIC Number: ED528632
Record Type: Non-Journal
Publication Date: 2012
Revisiting the Age-Old Question: Does Money Matter in Education?
Baker, Bruce D.
Albert Shanker Institute
This policy brief revisits the long and storied literature on whether money matters in providing a quality education. Increasingly, political rhetoric adheres to the unfounded certainty that money doesn't make a difference in education, and that reduced funding is unlikely to harm educational quality. Such proclamations have even been used to justify large cuts to education budgets over the past few years. These positions, however, have little basis in the empirical research on the relationship between funding and school quality. In this brief, the author discusses selected major studies on three specific topics: (a) whether money in the aggregate matters; (b) whether specific schooling resources that cost money matter; and (c) whether substantive and sustained state school finance reforms matter. (Contains 75 endnotes.)
Descriptors: State Schools, Educational Finance, Educational Quality, Educational Policy, Policy Analysis, Educational Resources, Finance Reform, Budgeting, Budgets, Economic Impact, Literature Reviews, Meta Analysis, Class Size, Teacher Effectiveness, Teacher Salaries, Teacher Student Ratio, Evidence, Rhetorical Criticism, Politics of Education, Position Papers, Educational Assessment, Educational Indicators
Albert Shanker Institute. 555 New Jersey Avenue NW, Washington, DC 20001. Tel: 202-879-4401; Fax: 202-879-4403; Web site: http://www.shankerinstitute.org
Publication Type: Reports - Evaluative
Education Level: Elementary Secondary Education; Higher Education
Authoring Institution: Albert Shanker Institute
Grant or Contract Numbers: N/A