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Economics of Education
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- Introduction:
The analysis of the economic and social determinants and consequences
of education is the realm of the Economics of Education.
- Education economists
analyse the effects of education on wages, employment, economic growth
and social equality. They scrutinize the role of education in a
society’s capability to advance knowledge through research,
entrepreneurship and innovation. They estimate how family backgrounds,
schools’ resource endowments and institutional features of the
education systems determine the quality of education, using
observational and experimental data to estimate the effectiveness of
education policy interventions.
- Education economists
deal with the public and private financing of different levels of
education from pre-school learning to on-the-job training and compare
the benefits of each type of education to its costs. And they explore
the opportunities and limitations that the employment of markets and
incentive-creating institutions in general can bring to an efficient
use of scarce resources in the different forms of learning throughout
life (...)
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References
- Lassibille, G. y Navarro Gómez, L. (2004): Manual de
Economía de la Educación. Ed. Pirámide
- Salas Velasco, M. (2001): Aspectos Económicos de la
Educación. Ed. Grupo Editorial Universitario.
- Geraint, J (1993): The Economics of Education. Palgrave
Macmillan.
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(This page is permanently under construction.
Last updated: January 19, 2008)
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