Welcome to the Profit of Education website. Continuing the conversation begun in the book Profit of Education, we discuss the latest economic evidence on education reform.

School spending and knowing what’s what

The 2014 Education Next poll posed the following question: Suppose the school spending were to be increased, would you favor reducing class size, increasing teacher salaries, or buying new books and technology. Then the clever pollsters asked the same question, this time explaining what could be bought for a particular option with a fixed amount of money. (3 fewer students, a 13 percent increase in teacher salaries, or $10,000 per class in books and technology.) I’ve made a little graph from the EdNext data.

EdNext spending pollThe red bars show the answers to the first version: a big preference for smaller class size. The blue bars show what happens when pollees are informed about the choices. Notice the sizable blue shift toward higher teacher salaries.

Apparently, giving people basic information matters.

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2 Responses to School spending and knowing what’s what

  1. Putting this together with your last post, it appears that private schools are taking advantage of rich uninformed parents to prioritize smaller class sizes.

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