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The author at Newmark's Door in a related article titled http://newmarksdoor.typepad.com/mainblog/2004/12/arnold_kling_wo.html writes:
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Steve writes:
These reports are probably significant within +/- 15% at most. Why then is the big spending US 20th out of 28? Our system is tied up in political knots and until Adam Smith's invisible hand is loosed, technology put to better use in the educational system, and parents and students take schooling more seriously we will only get relatively worse. Posted December 7, 2004 5:38 PM
Ronnie Horesh writes:
Statistical methods can measure only the quantifiable aspects of either educational outcomes or value added. There is broad consensus that minimal levels of such objectively verifiable outcomes as literacy and numeracy are crucial. But when it comes to higher levels of achievement there is more room for diversity and subjectivity. Many parents would be happy to trade off some measurable 'value-added' in favour of, for instance, a more sociable school environment. Parents can do their own research into the things that matter to them. Government should concentrate on measuring and ensuring 100 per cent literacy, numeracy and other basic knowledge and skills. Posted December 7, 2004 7:49 PM
Lawrance George Lux writes:
The only real 'Value-added' approach is to compare Parents' and Children's incomes at each year of their Worklife, adjusted for Inflation. The Technological advances need not be considered, because they were developed by the educationally-derived skills of Parents and Children. lgl Posted December 8, 2004 8:20 PM
anonymous writes:
I think David Card (Berkely) tackled that problem in the 90s by using an IV-estimator, i.e. controling for "inputs" while evaluation education "output". See for instance his: http://www.nber.org/papers/w4832 *** Posted December 9, 2004 9:20 AM
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