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School Resources and Educational Outcomes in Developing Countries: A Review of the Literature from 1990 to 2010. NBER Working Paper No. 17554.

TLDR
This article examined studies published between 1990 and 2010, in both the education literature and the economics literature, to investigate which specific school and teacher characteristics, if any, appear to have strong positive impacts on learning and time in school.
Abstract
Developing countries spend hundreds of billions of dollars each year on schools, educational materials and teachers, but relatively little is known about how effective these expenditures are at increasing students’ years of completed schooling and, more importantly, the skills that they learn while in school. This paper examines studies published between 1990 and 2010, in both the education literature and the economics literature, to investigate which specific school and teacher characteristics, if any, appear to have strong positive impacts on learning and time in school. Starting with over 9,000 studies, 79 are selected as being of sufficient quality. Then an even higher bar is set in terms of econometric methods used, leaving 43 “high quality” studies. Finally, results are also shown separately for 13 randomized trials. The estimated impacts on time in school and learning of most school and teacher characteristics are statistically insignificant, especially when the evidence is limited to the “high quality” studies. The few variables that do have significant effects – e.g. availability of desks, teacher knowledge of the subjects they teach, and teacher absence – are not particularly surprising and thus provide little guidance for future policies and programs.

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References
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Book

Schooling, Experience, and Earnings

Jacob Mincer
TL;DR: In this article, the authors analyzed the distribution of worker earnings across workers and over the working age as consequences of differential investments in human capital and developed the human capital earnings function, an econometric tool for assessing rates of return and other investment parameters.
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The role of cognitive skills in economic development

TL;DR: This article reviewed the role of cognitive skills in promoting economic well-being and concluded that the cognitive skills of the population are powerfully related to individual earnings, to the distribution of income, and to economic growth.
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The Failure of Input-based Schooling Policies

TL;DR: This paper provided a review of the United States and international evidence on the effectiveness of such input policies and contrasted the impact of resources with that of variations in teacher quality that are not systematically related to school resources.
ReportDOI

Alternative Approaches to Evaluation in Empirical Microeconomics

TL;DR: In this article, four alternative but related approaches to empirical evaluation of policy interventions are studied: social experiments, natural experiments, matching methods, and instrumental variables, and the necessary assumptions and the data requirements are considered for estimation of a number of key parameters of interest.
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