This paper uses a new data-set for cumulative national investment in formal schooling and a new instrument for schooling to estimate the national return on investment in 61 countries. These estimates are combined with data on the private rate of return on investment in schooling to estimate the external rate of return. In 1990 the external rate of…

The authors describe an extension that has been made to and subsequently incorporated into the system known as Teacher Cost Models. This approach -- a dollar flow analysis -- identifies and quantifies the factors that contribute to dollar changes in the ON GRID teacher wage-bill from one year to the next. The methodology is applicable at both the…

The National Center for Education Statistics (NCES) commissioned the papers in this publication to address advances in measuring education inflation and adjusting for it, as well as to examine the emergence of a new focus on school spending, rather than school district spending, as well as new, private sources of funding for public education, and…