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. . . is a voluminous and timely collection of 18 essays that addresses a number of core issues on the economics of education. . . An exhaustive survey of the literature on the role of universities as multi-product firms at various levels and disciplines identifies the nature of the economies of scope and scale. This enriches the volume further. Economic Analysis & Policy . . . the endeavour of bringing together very knowledgeable contributors, including some of the leading contributors to the literature in the UK and beyond, to write a handbook on the economics of education is highly appreciated. The Handbook contains 18 substantive chapters, encapsulated by a brief introduction and an extensive and a very useful index. . . the Handbook should be praised as a useful overview of the field of economics of education as it stands today. Ludger Wößmann, Economic Issues This major Handbook comprehensively surveys the rapidly growing field of the economics of education. It is unique in that it comprises original contributions on an exceptional range of topics from a review of human capital, signalling and screening models, to consideration of issues such as educational externalities and economic growth, funding models, determinants of educational success, the educational production function, educational standards and efficiency measurement. Labour market issues such as the market for teachers and the transition of students from school to work are also explored. The International Handbook on the Economics of Education will be warmly welcomed by academic economists, educational researchers and practitioners in educational management as well as policymakers. Comprising specially commissioned articles, the Handbook will become indispensable reference for this ever topical field of study.
In an important contribution to educational policy, Daniele Checchi offers an economic perspective on the demand and supply of education. He explores the reasons why, beyond a certain point, investment in education has not resulted in reductions in social inequalities. Starting with the seminal work of Gary Becker, Checchi provides an extensive survey of the literature on human capital and social capital formation. He draws on individual data on intergenerational transmission of income and education for the USA, Germany and Italy, as well as aggregate data on income and educational inequality for a much wider range of countries.
The volume of research into the economics of education has grown rapidly in recent years. In this comprehensive new Handbook, editors Eric Hanushek, Stephen Machin, and Ludger Woessmann assemble original contributions from leading researchers, addressing contemporary advances in the field. Each chapter illuminates major methodological and theoretical developments and directs the reader to productive new lines of research. As a result, these concise overviews of the existing literature offer an essential ‘jumpstart’ for both students and researchers alike. Demonstrates how new methodologies are yielding fresh perspectives in education economics Uses rich data to study issues of high contemporary policy relevance Explores innovations in higher education, competition, and the uses of technology
While there are many great research articles, good books, and provocative policy analyses related to the economics of education, these materials are often written to influence the policy process and not necessarily for students with limited knowledge of the underlying policies and the economic framework. This textbook is intended to serve as a foundation for a broad-based course on the economics of education. Its goal is to provide an overview of economics of education research: to lay out the evidence as clearly as possible, note agreements, disagreements, and unresolved points in literature, and to help students develop the tools necessary to draw their own conclusions.
This important reference collection - prepared by a leading authority in the field - presents a careful selection of the most important articles and papers in the economics of education. It focuses in particular on the notion of education as investment rather than consumption. This field was pioneered by three American scholars - Jacob Mincer, Gary Becker and Theodore Schultz - who demonstrated that education is indeed a way in which individuals can invest in themselves in the simple sense of incurring financial costs today in order to enhance potential earnings tomorrow. There is a very strong association between education and earnings in the labour markets in both capitalist and communist countries and it is this generalisation that forms the bedrock of the doctrine of education as human capital. This major book provides testimony to the excitement and controversy that continue to be hallmarks of the economics of education and the theory of human capital.
In an important contribution to educational policy, Daniele Checchi offers an economic perspective on the demand and supply of education. He explores the reasons why, beyond a certain point, investment in education has not resulted in reductions in social inequalities. Starting with the seminal work of Gary Becker, Checchi provides an extensive survey of the literature on human capital and social capital formation. He draws on individual data on intergenerational transmission of income and education for the USA, Germany and Italy, as well as aggregate data on income and educational inequality for a much wider range of countries. Checchi explores whether resources spent in education are effective in raising students' achievement, as well as analysing alternative ways of financing education. The Economics of Education thus provides the analytical tools necessary to understand the complex relationships between current income inequality, access to education and future inequality.
The editors combine recent data with new methodologies to examine questions from diverse perspectives. School choice and school competition, educator incentives, the college premium, and other considerations help make sense of the investments and returns associated with education.
This book uses international and interdisciplinary approaches to the comparative study of education in its political, sociological, and economic contexts. Major topics include critical theory, hegemony, postmodernism, oppression, disabilities, emancipation, corporatism, meritocracy, democracy, socialization, reproduction, pluralism, inequality, social analysis, postindustrialism, predatory culture, pragmatism, and 'subversion'. Educators from the US, UK, Canada, Netherlands, FRG, Israel, and Sweden survey the current educational scene in the US and Western Europe, major policy debates, and possible solutions for current public policy dilemmas.
Vol. 4/edited by Eric A. Hanushek, Stephen Machin, Ludger Woessmann. What is the value of an education? Volume 4 combines recent data with new methodologies to examine this and related questions from diverse perspectives. School choice and school competition, educator incentives, the college premium, and other considerations help make sense of the investments and returns associated with education.
The Economics of Education is written to provide a vade mecum, or diploma program, for both undergraduate and postgraduate students undertaking formal courses in economics of Education. The coverage of the subject matter is extensive, covering major titles such as the concept of economics of education, education and jobs, investment theory in education, the human capital concept, costs of education, cost- benefit analysis, efficiency in education, educational finance, and program evaluation and review technique, also known as PERT.
About the effects of education on economic growth.
Analyse de la contribution de l'éducation à la croissance économique. Planification de l'éducation en particulier dans le secteur économique : rapport entre les coûts et l'efficacité. Le budget de l'éducation notamment dans l'enseignement supérieur.
This Handbook provides a comprehensive overview of the modern economics of education literature, bringing together a series of original contributions by globally renowned experts in their fields. Covering a wide variety of topics, each chapter assesses the most recent research with an emphasis on skills, evaluation and data analytics. Beginning with an analysis of the economic returns to education, the Handbook proceeds to examine educational production functions, various funding models, and the labour market for educators. The Handbook goes beyond these traditional concerns of the economics of education, by revealing how the methods of economics can be applied in the context of education to open up the 'black box' of production in this sector. Detailed analysis and evaluation of educational production offers practical solutions and reveals considerable new insight about the specific interventions that can be made to enhance the value of schooling. Significant new lines of research are also suggested. This Handbook should be read by economists, policy-makers and practitioners in the field of education. Academics in the areas of the economics of education, labour economics and educational policy will also find this Handbook invaluable for current and further research.
Higher education is a critical mechanism for socioeconomic advancement among aspiring individuals and an important driver of economic mobility in our society. Moreover, a well-educated workforce is vital to our nation's future economic growth. American companies and businesses require a highly skilled workforce to meet the demands of today's increasingly competitive global economy. Higher education is provided through a complex public-private market, with many different individuals and institutions participating. While postsecondary education has become increasingly important, there have also been growing concerns about the cost and affordability of higher education. This report discusses the current state of higher education, with a brief high-level overview of the market and a more detailed discussion and analysis of the financial aid system. It also discusses the important changes the President has made to make higher education more accessible and affordable.

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