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Version 1.2 – Updated June 2023

Finances

Overview

  • Influence: Finances
  • Domain: School
  • Sub-Domain: School resourcing
  • Potential to Accelerate Student Achievement: Likely to have positive impact
  • Influence Definition: The effect of financial inputs by government, parents, philanthropy, etc. on schools

Evidence

  • Number of meta-analyses: 6
  • Number of studies: 228
  • Number of students: 2,277,017
  • Number of effects: 1,048
  • Weighted mean effect size: 0.19
  • Robustness index: 4

Meta-Analyses

Meta-Analyses
Journal Title Author First Author's Country Article Name Year Published Variable Number of Studies Number of Students Number of Effects Effect Size
Journal of Education Finance Childs & Shakeshaft USA A meta-analysis of research on the relationship between educational expenditures and student achievement 1986 Educational expenditure 45 2,205,319 417 0.00
Review of Higher Education Murdoch USA It isn't just money: The effects of financial aid on student persistence 1987 Financial aid on persistence at college 46 71,698 46 0.06
Educational Researcher Hedges, Laine, & Greenwald USA An Exchange: Part I: Does Money Matter? A Meta-Analysis of Studies of the Effects of Differential School Inputs on Student Outcomes 1994 Effect of $500 per student on achievement 38 0 38 0.70
Report Shakeel, Anderson, Wolf USA The Participant Effects of Private School Vouchers across the Globe: A Meta-Analytic and Systematic Review 2016 Vouchers for funding 19 0 262 0.17
Dissertation Davis-Beggs USA The effects of school resources on student achievement 2013 School resources 20 0 105 0.16
Review of Educational Research Greenwald, Hedges, & Laine USA The effect of school resources on student achievement 1996 Effect of $500 per student on achievement 60 0 180 0.14
TOTAL/AVERAGE 228 2,277,017 1,048 0.21
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