Glossary of economics research
Results of search for education production function follow:
education production function:
Usually a function mapping quantities of measured inputs to a school and
student characteristics to some measure of school output, like the test scores
of students from the school.
For empirical purposes one might assume this function is linear and generate
the linear regression:
Y = X'b + S'c + e
where Y is a measure of school outputs like a vector of student test scores, X
is a set of measures of student attributes (collectively or individually), S
is vector of measures of schools those students attend, b and c are
coefficients, and e is a disturbance term.
Source: I am advised that one should look for a survey in the JEL around 1985
by Eric Hanushek.
Contexts: education; labor
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