Skip to main content

Reviews Worth Sharing: Understanding Costs and Inflation

Bruce Baker responds to the general assertion that public education system is less cost-effective now than it was 30 years ago by arguing that comparisons in education spending over time are overly simplistic if they simply adjust for the value of the dollar. He specifies and discusses three major factors that influence the cost of education: changes in the incoming student populations over time, changes in the desired outcomes for those students, and changes in the competitive wage of the desired quality of school personnel.

Document Reviewed: