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…

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…

Examines the relative contributions of human and physical resources in the production of private undergraduate higher education. The parameters in the output equation suggest a traditional recipe: a relatively high ratio of quality faculty to good students in a facilitating environment reflected by academic expenditure. Better students are drawn…

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…

The Data Envelopment Analysis (DEA) model, a conceptual model for measuring productivity and efficiency, is presented and applied in this report. First, the DEA model is described, and three of its properties that make it particularly useful are identified; i.e., it measures efficiency of units relative to each other rather than to absolute…

Using an input-output framework, the author derives hypotheses on wage differentials based on the assumption that human capital (in this case, education) will explain workers' wage differentials. The hypothetical wage differentials are tested on data from the Italian economy. (RW)

The relationship of teachers' allocation of time to individual student achievement was studied. It was concluded that teachers prefer to increase students' average achievement rather than to decrease the variance in achievement within the classroom. (MH)

The logic and methodological concepts behind the application of a quantitative methodology to the problem of effective resource utilization in the New York State suburban schools is detailed. The goal of the study was to determine the best composition of available "factors of production," measured in dollar amounts by function, that…