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Does money affect children’s educational outcomes? Evidence from Japan

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  • Nozaki, Yuko
  • Matsuura, Katsumi

Abstract

Regarding children’s academic achievement, previous studies have concluded that the home learning environment is the most important factor and that public educational investment has limited influence. However, recent studies have found that factors related to public educational investment can also contribute to improved academic achievement and these studies have resolved the statistical problems relating to endogeneity. Based on scores from the 2010 Japanese National Achievement Test, this study examines the data using the instrumental variables technique. Statistically significant results are obtained for the public school expenditure budgets per class, but not for the home learning environment.

Suggested Citation

  • Nozaki, Yuko & Matsuura, Katsumi, 2017. "Does money affect children’s educational outcomes? Evidence from Japan," Economic Analysis and Policy, Elsevier, vol. 53(C), pages 19-32.
    • Handle: RePEc:eee:ecanpo:v:53:y:2017:i:c:p:19-32
    DOI: 10.1016/j.eap.2016.10.005
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    References listed on IDEAS

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    Cited by:

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    More about this item

    Keywords

    Public education expenditures; Test scores; Home environment; Instrumental variables method;
    All these keywords.

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • D10 - Microeconomics - - Household Behavior - - - General
    • D60 - Microeconomics - - Welfare Economics - - - General

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