is a strong positive relationship between parental education, or earnings, and time spent with children. We then show … difference. We speculate that one reason for this positive education gradient relates to the investment aspect of time spent with …

The paper studies a typical state-level education finance equalization scheme, and considers two questions. First, what … fraction of state education aid is spent on schools? And second, does increased educational funding for historically low … that 50 to 75 cents of each dollar of education aid were spent on schools. Estimates also suggest that increased spending …

One of the best documented relationships in economics is the link between education and income: higher educated people … have higher incomes. Advocates argue that education provides skills, or human capital, that raises an individual …'s productivity. Critics argue that the documented relationship is not causal. Education does not generate higher incomes; instead …