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Stern, David – Economics of Education Review, 1989
Per pupil spending on teacher salaries is the product of four factors: teacher/pupil ratio, starting salary level, steepness of salary schedule above minimum, and incumbent teachers' placement on the scale. Using California per pupil expenditures on teachers' salaries (for grades three and six) to predict student achievement gives very different…
Descriptors: Academic Achievement, Educational Finance, Elementary Education, Grade 3