Estimating Parents’ Valuations of Class Size Reductions Using Attrition in the Tennessee STAR Experiment

Rohlfs Chris () and Zilora Melanie ()
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Rohlfs Chris: Market Risk Analytics, Morgan Stanley, New York, NY, USA
Zilora Melanie: Department of Economics, Carnegie Mellon University, Tepper School of Business 5000 Forbes Avenue, Pittsburgh, PA 15213, USA

The B.E. Journal of Economic Analysis & Policy, 2014, vol. 14, issue 3, 755-790

Abstract: This study estimates parents’ valuations of small classes by examining the effects of randomly assigned class type on the decision to remove one’s child from the Tennessee Student Teacher Achievement Ratio experiment, using a new hedonic estimation strategy that estimates the cash payment that would be required to generate the same difference in attrition rates as was observed between treatment and control groups. In 2010 dollars, our preferred estimates indicate that parents on the margin of sending their children to private schools valued small classes at $2,000–$18,000 per year relative to a cost of $3,000 per student year.

Keywords: educational vouchers; charter schools; class size; attrition; Tennessee STAR (search for similar items in EconPapers)
JEL-codes: C35 D61 H75 I21 I22 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)

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DOI: 10.1515/bejeap-2013-0024

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