First generation resource allocation studies examined relationships between student learning and the availability of resources to a school or district. This article analyzes the transition from these early inquiries to more recent studies of resource flow into the individual classroom, and considers the contributions economists can make to such…

The objective of this study was to establish a criteria and model for comparative evaluation of manpower educational programs. The criteria developed deals with resource allocation in manpower education programs and how well those programs meet the needs of industry. In the proposed model, an occupation is reduced to its basic skills, which are…

This article contends that a new concept of education finance has emerged in response to substantial alterations in the U.S. education policy environment. The major distinction between modern and old is that the latter was principally concerned with arrangements of inputs in K-12 schooling. The former, modern-era education finance, is concerned…

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…

The purpose of this paper is to discuss some of the problems and prospects of applying production function or input-output analysis to the process of schooling. The cognitive aspect of schooling is discussed here and is restricted to those aspects readily measured by achievement tests. It is argued that education production function studies should…

Education in general and specific educational projects fit into the construct of the allocation of investment resources that is basic to economic theory. Two techniques of computing returns to education and education projects are benefit-cost ratios and rates of return, which both rely on measuring costs and benefits. While measuring costs is…

This book provides conceptual and practical strategies for the data and information collection and analysis needs of a diverse group of institutions, ranging from small rural community colleges to large urban research institutions. The model framework is designed for use by any size or type of institution and gives a broad overview of various…