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Value-added models (VAMs) are increasingly used to measure school effectiveness. Yet random variation in school … schools. In this paper, I use random assignment from a public school choice lottery to test the predictive power of VAM … specifications. In VAMs with minimal controls and two or more years of prior data, I fail to reject the hypothesis that school …
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Value-added models (VAMs) are increasingly used to measure school effectiveness. Yet random variation in school … schools. In this paper, I use random assignment from a public school choice lottery to test the predictive power of VAM … specifications. In VAMs with minimal controls and two or more years of prior data, I fail to reject the hypothesis that school …
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Enrollment rates to higher education reveal quite large variation over time which cannot be explained by productivity shocks alone. We develop a human capital investment model in an overlapping generations framework that features endogenous fluctuations in the demand for education. Agents are...
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