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International Handbook on the Economics of Education

Edited by Geraint Johnes, Professor of Economics, Lancaster University Management School and Jill Johnes, Professor of Production Economics, Huddersfield Business School, University of Huddersfield, UK
This major Handbook comprehensively surveys the rapidly growing field of the economics of education. It is unique in that it comprises original contributions on an exceptional range of topics from a review of human capital, signalling and screening models, to consideration of issues such as educational externalities and economic growth, funding models, determinants of educational success, the educational production function, educational standards and efficiency measurement. Labour market issues such as the market for teachers and the transition of students from school to work are also explored.
Extent: 872 pp
Hardback Price: $370.00 Web: $333.00
Publication Date: 2004
ISBN: 978 1 84376 119 8
Availability: In Stock
Paperback Price: $83.00 Web: $66.40
Publication Date: 2007
ISBN: 978 1 84720 196 6
Availability: In Stock
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  • Economics and Finance
  • Economics of Education
  • Labour Economics
  • Public Sector Economics
  • Education
  • Economics of Education
This major Handbook comprehensively surveys the rapidly growing field of the economics of education. It is unique in that it comprises original contributions on an exceptional range of topics from a review of human capital, signalling and screening models, to consideration of issues such as educational externalities and economic growth, funding models, determinants of educational success, the educational production function, educational standards and efficiency measurement. Labour market issues such as the market for teachers and the transition of students from school to work are also explored.

The International Handbook on the Economics of Education will be warmly welcomed by academic economists, educational researchers and practitioners in educational management as well as policymakers. Comprising specially commissioned articles, the Handbook will become indispensable reference for this ever topical field of study.
‘. . . is a voluminous and timely collection of 18 essays that addresses a number of core issues on the economics of education. . . An exhaustive survey of the literature on the role of universities as multi-product firms at various levels and disciplines identifies the nature of the economies of scope and scale. This enriches the volume further.’
– Economic Analysis & Policy

‘. . . the endeavour of bringing together very knowledgeable contributors,
including some of the leading contributors to the literature in the UK and
beyond, to write a handbook on the economics of education is highly appreciated. The Handbook contains 18 substantive chapters, encapsulated by a brief introduction and an extensive and a very useful index. . . the Handbook should be praised as a useful overview of the
field of economics of education as it stands today.’
– Ludger Wößmann, Economic Issues
Contributors: S.L. Averett, S. Bradley, S. Brown, E. Cohn, S.T. Cooper, P.J. Dolton, D. Greenaway, M. Haynes, W.H. Hoyt, S. Jafarey, G. Johnes, J. Johnes, S. Lahiri, S. Machin, M.C. McLennan, W.W. McMahon, D. Mitch, R.A. Naylor, A.N. Nguyen, H.A. Patrinos, G. Psacharopoulos, P. Santiago, J.G. Sessions, J. Smith, P. Stevens, J. Taylor, M. Weale
Contents:

Introduction
1. Human Capital and Rates of Return
George Psacharopoulos and Harry Anthony Patrinos

2. Signalling and Screening
Sarah Brown and John G. Sessions

3. The Economic Assessment of Training Schemes
Peter J. Dolton

4. Education and Economic Growth
Philip Stevens and Martin Weale

5. Skill-Biased Technical Change and Educational Outcomes
Stephen Machin

6. The Social and External Benefits of Education
Walter W. McMahon

7. School Finance
David Mitch

8. Funding Higher Education
David Greenaway and Michelle Haynes

9. Exploring the Effect of Class Size on Student Achievement: What Have We Learned Over the Past Two Decades?
Susan L. Averett and Michele C. McLennan

10. The Economics of Secondary Schooling
Steve Bradley and Jim Taylor

11. Determinants of Educational Success in Higher Education
Robin A. Naylor and Jeremy Smith

12. Standards and Grade Inflation
Geraint Johnes

13. The School-to-Work Transition
Steve Bradley and Anh Ngoc Nguyen

14. The Labour Market for Teachers
Paulo Santiago

15. Multi-product Cost Functions for Universities: Economies of Scale and Scope
Elchanan Cohn and Samuel T. Cooper

16. Efficiency Measurement
Jill Johnes

17. Education, Child Labour and Development
Saqib Jafarey and Sajal Lahiri

18. Education and Housing
William H. Hoyt

Index