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Estimate of the Production Function of Education

Takashi Oshio, Shinpei Sano and Kaori Suetomi

Japanese Economy, 2010, vol. 37, issue 2, 83-119

Abstract: This article calculates the production function of education for combined junior and senior high schools (“combined high schools”) in the capital and Kinki regions. The results of the empirical analysis conducted lead to the following three conclusions. First, at all combined high schools in the capital and Kinki and regions, university admission success, which is often viewed as an important indicator of the quality of a junior high or high school education, is largely determined by the average academic skills (hensachi) of students enrolled in that school. Second, if we control for the average academic skills of students enrolled in a school and the attributes of that school, the only effort that can be made by the school to statistically improve the university admission success of its graduates in any clear way is to increase total class

Date: 2010
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DOI: 10.2753/JES1097-203X370204

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