The paper measures the impact of high school resources on women's educational attainment and earnings. No link emerges between education and school resources, whether measured by the pupil-teacher ratio, spending per pupil, teachers' starting salaries or books per student. For white women, no significant connection between school resources and wages is found. But school inputs are in several cases significantly and positively related to black women's wages. Wage elasticities with respect to school inputs are uniformly larger for black women. Finally, the impact of school resources on earnings remains constant or in some cases depreciates as workers grow older.

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