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Handbook of Contemporary Education Economics

Edited by Geraint Johnes, Professor of Economics, Lancaster University Management School, Jill Johnes, Professor of Production Economics, Huddersfield Business School, University of Huddersfield, UK, Tommaso Agasisti, Associate Professor, Department of Management, Economics and Industrial Engineering, Politecnico di Milano, Italy and Laura López-Torres, Assistant Professor, Department of Economics and Business, University of Alcalá, Spain
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.
Extent: c 464 pp
Hardback Price: $270.00 Web: $243.00
Publication Date: December 2017
ISBN: 978 1 78536 906 3
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  • Economics and Finance
  • Economics of Education
  • Labour Economics
  • Education
  • Economics of Education
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.
‘This Handbook covers most of the topics ranging between equity in educational opportunities and efficiency in use of resources. Undoubtedly education represents an asset during working life, but a significant fraction of students are deprived from ownership, due to lack of adequate socio-emotional skills. Ensuring equal opportunities to every student may not be cost effective but it is policy relevant. Many contributions in the volume helps to appraise the relevance of these two poles.’
– Daniele Checchi, University of Milan, Italy

‘This is a very exciting volume. Education is a vibrant, fast paced field in economics, with diverse areas of focus, but all with critical impact on real lives. The Editors have brought some of the world’s best together to deliver a sharp focus on these latest developments, but with a critical eye on policy implications. The linking of current academic thinking to policy is a distinctive feature of this Handbook.’
– Colm Harmon, The University of Sydney, Australia
Contributors include: T. Agasisti, R. Bachan, N. Barr, C.R. Belfield, A.J. Bowers, M. Bray, J. Britton, S.J. Cabus, I. Cornelisz, K. De Witte, A. Di Liberto, L. Fengliang, J. Ghysels, C. Haelermans, P. Iatarola, G. Johnes, J. Johnes, H.M. Levin, J. Liu, L. López-Torres, S. McIntosh, A. McKnight, B. Reilly, F. Saltiel, D. Santín, M. Sarzosa, G. Sicilia, L. Stiefel, F. Tomini, S. Urzúa, A. Vignoles, S. Vincent-Lancrin





Contents:

Introduction

1. Human capital and Returns to Education
Geraint Johnes, Jill Johnes and Laura López-Torres

2. Cognitive and Socio-Emotional Abilities
Fernando Saltiel, Miguel Sarzosa and Sergio Urzúa

3. Why Do School Dropout Rates Vary (So Much) Across Countries? – A Survey
Sofie J. Cabus

4. Education and social mobility: Theory, evidence and policy challenges
Abigail McKnight

5. Inequality and education: Education as a cure for disadvantage
Kristof De Witte and Florian Tomini

6. Labour Market Polarisation and the Implications for Education
Steven McIntosh

7. Evaluating Didactical Interventions in Primary and Secondary Education
Carla Haelermans and Joris Ghysels

8. Understanding innovation in education: Where do we stand?
Stéphan Vincent-Lancrin

9. Data Analytics and Decision-Making in Education: Towards the Educational Data Scientist as a Key Actor in Schools and Higher Education Institutions
Tommaso Agasisti and Alex J. Bowers

10. Impact Evaluation and Frontier Methods in Education: A step forward
Daniel Santín and Gabriela Sicilia

11. Education production functions
Jack Britton and Anna Vignoles

12. Student Achievement and Costs in Small Schools
Patrice Iatarola and Leanna Stiefel

13. Theory versus Empirics: A Review of the International School Choice Literature
Ilja Cornelisz

14. School management and student achievements
Adriana Di Liberto

15. Cost-effectiveness and educational efficiency
Henry M. Levin and Clive R. Belfield

16. Funding post-compulsory education
Nicholas Barr

17. The economics of distance education
Li Fengliang

18. Understanding Shadow Education from the Perspective of Economics of Education
Junyan Liu and Mark Bray

19. Pay in Education: Vice Chancellor and Rector Remuneration
Ray Bachan and Barry Reilly

Index