In this paper, we explore whether there is a relationship between average grades earned in a course and the national average salaries of graduates of the major associated with the course. Using student-level data from a selective private liberal arts college, we find an inverse relationship. The result suggests that students face a trade-off…

Explains a model to analyze direct teaching cost per student at the class level in the final two years of secondary schooling in Victoria, Australia. The model provides predictions for class size and unit cost for each learning area for various enrollment levels. Cost predictions for foreign-language classes were twice that of English classes.…

Using a supply-demand framework, a six-equation model is specified to generate hypotheses about the relationship between state aid and student performance. Theory predicts that an increase in state or federal aid provides an incentive to decrease local funding, but that the disincentive associated with increased state aid is moderated when federal…