Education and training are key to explain the current competitive strengths of national economies. While in the past educational and training institutions were often seen as providers of necessary skills for national economies, this view has changed, with education and training now being seen as a key ingredient for international competitiveness. This collection of papers on various aspects of the economics of education and training reflects this new interest.

Featured in the Financial Times Best Books of the Year 2020 The evidence is rigorously marshalled and the...solutions equally clearly illuminated. A definitive study. - Martin Wolf, Chief Economics Commentator, The Financial Times In this vital new book, Britain's first Professor of Social Mobility Lee Elliot Major and Stephen Machin, reveal the causes of the UK's low social mobility, explain why it's getting worse, and outline how we reverse this worrying trend, before it's too late. It covers the history of social mobility in the UK, explores international comparisons, analyses the recent 'dark age' of declining absolute mobility, and investigates issues such as how family traits affect inter-generational mobility. The authors then outline what it is we should do about this pressing issue. Calling for a fundamental shift in debates about social mobility and arguing that only by establishing general principles of fairness in society can we agree the major policy reforms that can make Britain a more mobile and just society for all.

Education and training are key to explain the current competitive strengths of national economies. While in the past educational and training institutions were often seen as providers of necessary skills for national economies, this view has changed, with education and training now being seen as a key ingredient for international competitiveness. This collection of papers on various aspects of the economics of education and training reflects this new interest.

Volumes have been written about the value of more and better education. But is there sufficient evidence to support the commonly held belief that we, as individuals and as a community, should be investing more in education?

This book explores that question in unprecedented detail, drawing on empirical evidence from an impressive array of sources. While much of the focus is on the educational system in the United Kingdom, the book offers lessons of international applicability. A state-of-the-art compendium on education policy and its impact on educational attainment, the book examines numerous large-scale data sources on individual pupils and schools.

The questions the book considers are far-ranging: How much do teachers matter for children's educational attainment? What payoff do people get from acquiring more education when they enter the labor market? How well do education systems function to provide employers with the skills they want?

The book concludes by issuing some strong policy recommendations and offering an evaluation of what does and does not work in improving educational attainment. The recommendations address such issues as school effectiveness, education financing, individual investment in education, government education initiatives, higher education, labor market rewards, and lifelong learning.

Featured in the Financial Times Best Books of the Year 2020 The evidence is rigorously marshalled and the...solutions equally clearly illuminated. A definitive study. - Martin Wolf, Chief Economics Commentator, The Financial Times In this vital new book, Britain's first Professor of Social Mobility Lee Elliot Major and Stephen Machin, reveal the causes of the UK's low social mobility, explain why it's getting worse, and outline how we reverse this worrying trend, before it's too late. It covers the history of social mobility in the UK, explores international comparisons, analyses the recent 'dark age' of declining absolute mobility, and investigates issues such as how family traits affect inter-generational mobility. The authors then outline what it is we should do about this pressing issue. Calling for a fundamental shift in debates about social mobility and arguing that only by establishing general principles of fairness in society can we agree the major policy reforms that can make Britain a more mobile and just society for all.

What are the effects of decreasing social mobility?

How does education help - and hinder - us in improving our life chances?

Why are so many of us stuck on the same social rung as our parents?

Apart from the USA, Britain has the lowest social mobility in the Western world. The lack of movement in who gets where in society - particularly when people are stuck at the bottom and the top - costs the nation dear, both in terms of the unfulfilled talents of those left behind and an increasingly detached elite, disinterested in improvements that benefit the rest of society.

This book analyses cutting-edge research into how social mobility has changed in Britain over the years, the shifting role of schools and universities in creating a fairer future, and the key to what makes some countries and regions so much richer in opportunities, bringing a clearer understanding of what works and how we can better shape our future.