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Higher education is beginning to play an increasingly important
role in the process of globalization, which promotes information
technologies, development and diffusion of innovations and the
ability of economies to benefit from rapid shifts in the production
of goods, services, and ideas. In this volume the editors have
brought together some of the most significant previously published
academic papers describing how highly skilled graduate labour
impacts on the economy. Topics covered include the economic
benefits of higher education, student choice of subject and
university, the technology of higher education, empirical research
on the cost functions faced by universities, the funding and
financing of university education, the market for higher education
and how universities compete. In their scholarly introduction, the
editors provide an overview of the volume and offer suggestions for
future research in this field.
Education has become an increasingly important activity within all
economies; from pre-school years groups through to continuing
education and retraining, the accumulation of skills spans a
lifetime. Economic Principles for Education looks at all the major
areas of economics, applying them to education. Human capital
theory is discussed and evidence on rates of return and the
benefits of training is presented. The demand for education is
described, with an assessment of how pervasive wealth effects are
in education systems. The author discusses the efficiency of
education providers, including teacher supply, and identifies the
optimal rules for teacher deployment. Education markets, the role
of governments and the macroeconomics of education are all
considered along with the key social benefits of education. Using
evidence from a range of countries, but particularly the UK and the
US, Clive Belfield provides an appreciation of the depth and
breadth of the literature of the economic study of education in one
easily accessible volume. This will be a valuable text for scholars
of economics and education, and will be welcomed by all those
interested in obtaining an overview of the field and in
understanding the key principles economists use.
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.
For this collection, Clive Belfield has selected the most
significant recently published articles on the economics of
education. Contemporary in the best sense, the articles analyse
current concerns, building on what has been established to date and
foreshadowing future developments. The articles address important
questions, such as the microeconomic outcomes of education, whether
education promotes economic growth, and how education systems
should be organized in order to meet efficiency and equity
goals.The two-volume set provides a single reference source to
current research which is influential and important to the
development of the economics of education. The editor gives a
comprehensive overview of the topics covered in an authoritative
new introduction.
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 youth so urgent today. Improving educational outcomes for
at-risk youth is more than a noble goal. It is an investment with
the potential to yield benefits that far outstrip its costs. The
Price We Pay provides the tools readers need to analyze both sides
of the balance sheet and make informed decisions about which
policies will pay off. Contributors include Thomas Bailey (Teachers
College, Columbia University), Ronald F. Ferguson (Harvard
University), Irwin Garfinkel (Columbia University), Jane Junn
(Rutgers University), Brendan Kelly (Columbia University), Enrico
Moretti (UCLA), Peter Muennig (Columbia University), Michael Rebell
(Teachers College, Columbia University), Richard Rothstein
(Teachers College, Columbia University), Cecilia E. Rouse
(Princeton University), Marta Tienda (Princeton University), Jane
Waldfogel (Columbia University), and Tamara Wilder (Teachers
College, Columbia University).
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.
Education has become an increasingly important activity within all
economies; from pre-school years groups through to continuing
education and retraining, the accumulation of skills spans a
lifetime. Economic Principles for Education looks at all the major
areas of economics, applying them to education. Human capital
theory is discussed and evidence on rates of return and the
benefits of training is presented. The demand for education is
described, with an assessment of how pervasive wealth effects are
in education systems. The author discusses the efficiency of
education providers, including teacher supply, and identifies the
optimal rules for teacher deployment. Education markets, the role
of governments and the macroeconomics of education are all
considered along with the key social benefits of education. Using
evidence from a range of countries, but particularly the UK and the
US, Clive Belfield provides an appreciation of the depth and
breadth of the literature of the economic study of education in one
easily accessible volume. This will be a valuable text for scholars
of economics and education, and will be welcomed by all those
interested in obtaining an overview of the field and in
understanding the key principles economists use.
This analysis begins with a description of the current
opportunities for South Carolina's children to enroll in early
education programs, including information on total state funding.
Next, is outlined options for significantly expanding pre-school
options but also maintaining high quality. These new policies are
then evaluated to determine the likely economic consequences.
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 costs; how to
measure effectiveness, utility, and benefits; and how to
incorporate cost evaluations into the decision-making process. The
updates to the Third Edition reflect the considerable
methodological development in the evaluation literature, and the
greater empiricism practiced by education researchers, to help
readers learn to apply more advanced methods to their own analyses.
SAGE congratulates author Henry M. Levin, winner of the 2017 AERA
Distinguished Contributions to Research in Education Award.
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