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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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A large number of studies in labor economics estimate the returns to schooling using data on monozygotic twins, under the assumption that educational attainment is random within twin pairs. This exogeneity assumption has been commonly questioned, however, but there is to date little evidence on...
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