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Using evidence from a range of countries, particularly the UK and US, this study provides an appreciation of the depth and breadth of the literature in the economic study of education. Discusses human capital theory, gives evidence on rates of return and the benefits of training, and describes the demand for education. Examines the efficiency of education providers, including teacher supply, and identifies optimal rules of teacher deployment. Also discusses education markets, the role of governments, the macro-economics of education, and social benefits of education. Belfield is affiliated with the University of Birmingham, UK. Annotation copyrighted by Book News Inc., Portland, OR
Controversies over the merits of public and private education have never been more prominent than today. This book evaluates public and private schooling, especially in regard to choices families must make for their children.While choice among publics schools is widely advocated today by families and states, public support for private education - including vouchers, tax credits, charter schools, and private contracting - is politically controversial. The authors accessibly describe what research shows as to the effects - for communities and children - of these approaches. They move beyond school choice to show how other factors - most notably the family - have a strong effect on a child's educational success. The book helps educators and parents better understand the rapidly changing educational environment and the important choices they make in educating the nation's children.
The past decade has seen increased attention to cost-effectiveness and benefit-cost analysis in education as administrators are being asked to accomplish more with the same or even fewer resources, philanthropists are keen to calculate their "return on investment" in social programs, and the general public is increasingly scrutinizing how resources are allocated to schools and colleges. This text (titled Cost-Effectiveness Analysis in its previous editions) is the only full-length book to provide readers with the step-by-step methods they need to plan and implement a benefit-cost analysis in education. The authors examine a range of issues, including how to identify, measure, and distribute ...
While the high cost of education draws headlines, the cost of not educating America's children goes largely ignored. The Price We Pay remedies this oversight by highlighting the private and public costs of inadequate education. In this volume, leading scholars from a broad range of fields—including economics, education, demography, and public health—attach hard numbers to the relationship between educational attainment and such critical indicators as income, health, crime, dependence on public assistance, and political participation. They explore policy interventions that could boost the education system's performance and explain why demographic trends make the challenge of educating our...
Part 1 Economic benefits of higher education: the economic returns to lifelong learning in OECD countries, Elchanan Cohn and John T. Addison; changes in the rate of return to education in Sweden, Marten O. Palme and Robert E. Wright; the economic returns to college major, quality and performance - a multilevel analysis of recent graduates, Russell W. Rumberger and Scott L. Thomas; does it pay to attend an elite private college? cross-cohort evidence on the effects of college type on earnings, Dominic J. Brewer; the gender earnings gap among college-educated workers, Linda Datcher Loury; higher education as a filter, Kenneth J. Arrow; degrees matter - new evidence on sheepskin effects in the ...