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Akerhielm, Karen – Economics of Education Review, 1995
Analyzes pupil-specific public school data from the 1988 National Education Longitudinal Study. Applies instrumental-variable econometric methods to account for nonrandom allocation of students to different class sizes and the endogenous class-size variable. Improved data and statistical techniques indicate returns to investing in smaller classes…
Descriptors: Class Size, Econometrics, Elementary Secondary Education, Small Classes