Print page

RECENT DEVELOPMENTS IN THE ECONOMICS OF EDUCATION

Edited by Elchanan Cohn, Professor of Economics, University of South Carolina, US and Geraint Johnes, Professor of Economics, Lancaster University Management School, UK
Recent Developments in the Economics of Education collects together the most important contributions in this rapidly developing field. Themes covered in this book include: efficiency and equity, externalities and the role of the government in providing education, the relationship between the markets for labour and education, cost functions in the education sector, the market for educators, and the economics of school choice. This volume complements an earlier volume in the series, The Economic Value of Education, edited by Mark Blaug.
Extent: 680 pp
Hardback Price: £219.00 Web: £197.10
Publication Date: 1994
ISBN: 978 1 85278 828 5
Availability: In Stock
£0.00

Join our mailing list

  • Economics and Finance
  • Public Sector Economics
  • Welfare Economics
Recent Developments in the Economics of Education collects together the most important contributions in this rapidly developing field. Themes covered in this book include: efficiency and equity, externalities and the role of the government in providing education, the relationship between the markets for labour and education, cost functions in the education sector, the market for educators, and the economics of school choice. This volume complements an earlier volume in the series, The Economic Value of Education, edited by Mark Blaug.
‘. . . a useful reference volume in which a good proportion of the more important and durable articles in the economics of education of the past 10 years will be available to students in a readily accessible form.’
– G. Williams, Education Economics

‘. . . a very valuable contribution. . . a thorough account of theoretical and empirical issues and the recent developments in economics of education.’
– Jandhyala B.G. Tilak, Journal of Educational Planning and Administration

‘This volume will be of interest to any seeking to know what issue are currently deemed important and what gaps remain to be explored. . . There are many thought-provoking contributions. . .’
– Roy Wilkinson, Economic Journal
34 articles, dating from 1984 to 1993
Contributors: K.J. Arrow, J.H. Bishop, E.T. Gullason, A. Jaffe, H.M. Levin, N. Sicherman, M.C. Tsang
PART I

ISSUES OF EFFICIENCY AND EQUITY

1. Kenneth J. Arrow (1993), ‘Excellence and Equity in Higher Education’
2. Henry M. Levin (1990), ‘The Economics of Justice in Education’
3. Evert van Imhoff (1989), ‘Optimal Investment in Human Capital Under Conditions of Nonstable Population’

PART II

EXTERNALITIES AND THE ROLE OF GOVERNMENT SUBSIDIES

4. David A. Kodde and Josef M.M. Ritzen (1985), ‘The Demand for Education Under Capital Market Imperfections’
5. George E. Johnson (1984), ‘Subsidies for Higher Education’
6. John M. Hartwick (1992), ‘Endogenous Growth with Public Education’
7. John Creedy and Patrick François (1992), ‘Higher Education and Progressive Taxation: Equity, Efficiency and Majority Voting’
8. Kjell Erik Lommerud (1989), ‘Educational Subsidies When Relative Income Matters’
9. Martin Weale (1992), ‘Externalities from Education’
10. Adam B. Jaffe (1989), ‘Real Effects of Academic Research’
11. Robert H. Haveman and Barbara L. Wolfe (1984), ‘Schooling and Economic Well-Being: The Role of Nonmarket Effects’
12. Edward T. Gullason (1989), ‘The Consumption Value of Schooling: An Empirical Estimate of One Aspect’
13. Michael S. McPherson and Morton Owen Schapiro (1991), ‘Does Student Aid Affect College Enrollment? New Evidence on a Persistent Controversy’
14. Elchanan Cohn and Sherrie L.W. Rhine (1989), ‘Foregone Earnings of College Students in the U.S. , 1970 and 1979: A Microanalytic Approach’

PART III

ECONOMICS OF SCHOOL CHOICE

15. Edwin G. West (1991), ‘Public Schools and Excess Burdens’
16. John E. Chubb and Terry M. Moe (1988), ‘Politics, Markets, and the Organization of Schools’
17. Henry M. Levin (1991), ‘The Economics of Educational Choice’

PART IV

THE COSTS OF PROVIDING EDUCATIONAL SERVICES

18. Paul T. Brinkman and Larry L. Leslie (1986), ‘Economies of Scale in Higher Education: Sixty Years of Research’
19. Mun C. Tsang (1988), ‘Cost Analysis for Educational Policymaking: A Review of Cost Studies in Education in Developing Countries’
20. Emmanuel Jimenez (1986), ‘The Structure of Educational Costs: Multiproduct Cost Functions for Primary and Secondary Schools in Latin America’
21. Elchanan Cohn, Sherrie L.W. Rhine and Maria C. Santos (1989), ‘Institutions of Higher Education as Multi-Product Firms: Economies of Scale and Scope’
22. Hans de Groot, Walter W. McMahon and J. Fredericks Volkwein (1991), ‘The Cost Structure of American Research Universities’
23. Partha Dasgupta and Eric Maskin (1987), ‘The Simple Economics of Research Portfolios’

PART V

LINKS BETWEEN EDUCATION AND THE LABOUR MARKET

24. Walter W. McMahon (1991), ‘Relative Returns to Human and Physical Capital in the U.S. and Efficient Investment Strategies’
25. Kevin M. Murphy and Finis Welch (1992), ‘The Structure of Wages’
26. Nachum Sicherman (1991), ‘“Overeducation” in the Labor Market’
27. Mun C. Tsang, Russell W. Rumberger and Henry M. Levin (1991), ‘The Impact of Surplus Schooling on Worker Productivity’
28. Keith Whitfield and R.A. Wilson (1991), ‘Staying on in Full-Time Education: The Education Participation Rate of 16-year-olds’
29. David Card and Alan B. Krueger (1992), ‘Does School Quality Matter? Returns to Education and the Characteristics of Public Schools in the United States’
30. John H. Bishop (1989), ‘Is the Test Score Decline Responsible for the Productivity Growth Decline?’

PART VI

THE MARKET FOR EDUCATORS

31. Peter J. Dolton (1990), ‘The Economics of UK Teacher Supply: The Graduate’s Decision’
32. Richard J. Murnane and Randall J. Olsen (1990), ‘The Effects of Salaries and Opportunity Costs on Length of Stay in Teaching: Evidence from North Carolina’
33. Ronald Ehrenberg, Hirschel Kasper and Daniel Rees (1991), ‘Faculty Turnover at American Colleges and Universities: Analyses of AAUP Data’
34. H. Lorne Carmichael (1988), ‘Incentives in Academics: Why Is There Tenure?’