The Economics of Education
A Comprehensive Overview
- 3rd Edition - June 1, 2027
- Latest edition
- Editors: Steve Bradley, Colin Green
- Language: English
Researchers have used economic tools to understand many aspects of education, including the demand for education, the financing and provision of education, and the comparative… Read more
Description
Description
Researchers have used economic tools to understand many aspects of education, including the demand for education, the financing and provision of education, and the comparative efficiency of various educational programs and policies. In recent years, the field of the economics of education has grown rapidly, and with improved linkages and data across developed and developing countries. The Economics of Education: A Comprehensive Overview, Third Edition, offers a full and current overview of the field that is broadly accessible to economists, researchers and students. This new edition revises the authoritative chapters from past editions and adds new material covering recent developments, from school choice to teacher labour markets, changes in early childhood education and Covid pandemic influence. It also adds further developed (US and European) and developing country perspectives, reflecting global dynamics and the differences in institutional structures that shape teacher labour markets and the effect of competition on student outcomes.
Key features
Key features
- Provides international perspectives that describe the origins of key subjects, their major issues and proponents, their landmark studies and opportunities for future research
- Developing county perspectives and comparisons of cross-country institutions
- Requires no prior knowledge of the economics of education
- Fully updated to address school choice, teacher labour markets, changes in early childhood education, and Covid pandemic influence, among other recent developments
Readership
Readership
Undergraduates and graduate students in economics, education, and public policy
Table of contents
Table of contents
Part I: Overview
1. Empirical methods in the economics of education
2. Behavioral economics and nudging in education: evidence from the field
Part II: Private and social returns to education
3. Returns to education in developed countries
4. Returns to education in developing countries
5. Returns to education quality
6. Heterogeneity in the returns to higher education
7. Parental education and children's health throughout life
8. Education and political engagement/attitudes
9. Education and crime
10. Education and inequality
11. Race earnings differentials
12. The economics of dropping out of education?
Part III: Production, costs and financing
13. Education production functions
14. Education, knowledge capital, and economic growth
15. Education production functions: updated evidence from developing countries
16. Schooling inputs and behavioral responses by families
17. The economics of early childhood interventions
18. Parental socioeconomic status, child health, and human capital
19. Monetary and non-monetary incentives for educational attainment: design and effectiveness
20. Educational mismatch in developing countries: A review of the existing evidence
21. Peer effects in education: recent empirical evidence
22. The role of teacher quality in education production
23. The economics of class size
24. School finance: international comparisons
25 An economic evaluation of student loan and fee regimes: International comparisons?
Part IV: Teacher labour markets
26. Teacher labor markets: An overview
27. Teachers in developing countries
28. Teacher supply
29. Compensating differentials in teacher labor markets
Part V: Education markets, choice and incentives
30. Quasi-markets in education: the case of England School choice: An international Comparison of Systems and Policy Approaches
31. An evaluation of (randomized) school choice mechanisms
32. Economic approaches to school efficiency
33. School competition and the quality of education
34. The economics of catholic schools
35. ‘Elite’ and Private schools: choice and effects??
36. The economics of charter schools
37. The economics of vocational training
Part VI Economics of Education Post-Covid19
38. Learning loss in education: A high income country perspective
39. Learning loss in low- and middle-income countries
40. The effects of Covid-19 on educational attainment and attendance: A cross country comparison
41. Incentivising students to engage in a post-Covid world
42 Covid-19 and Digital delivery (ICT and AI in education)
43. The economics of school accountability Index
1. Empirical methods in the economics of education
2. Behavioral economics and nudging in education: evidence from the field
Part II: Private and social returns to education
3. Returns to education in developed countries
4. Returns to education in developing countries
5. Returns to education quality
6. Heterogeneity in the returns to higher education
7. Parental education and children's health throughout life
8. Education and political engagement/attitudes
9. Education and crime
10. Education and inequality
11. Race earnings differentials
12. The economics of dropping out of education?
Part III: Production, costs and financing
13. Education production functions
14. Education, knowledge capital, and economic growth
15. Education production functions: updated evidence from developing countries
16. Schooling inputs and behavioral responses by families
17. The economics of early childhood interventions
18. Parental socioeconomic status, child health, and human capital
19. Monetary and non-monetary incentives for educational attainment: design and effectiveness
20. Educational mismatch in developing countries: A review of the existing evidence
21. Peer effects in education: recent empirical evidence
22. The role of teacher quality in education production
23. The economics of class size
24. School finance: international comparisons
25 An economic evaluation of student loan and fee regimes: International comparisons?
Part IV: Teacher labour markets
26. Teacher labor markets: An overview
27. Teachers in developing countries
28. Teacher supply
29. Compensating differentials in teacher labor markets
Part V: Education markets, choice and incentives
30. Quasi-markets in education: the case of England School choice: An international Comparison of Systems and Policy Approaches
31. An evaluation of (randomized) school choice mechanisms
32. Economic approaches to school efficiency
33. School competition and the quality of education
34. The economics of catholic schools
35. ‘Elite’ and Private schools: choice and effects??
36. The economics of charter schools
37. The economics of vocational training
Part VI Economics of Education Post-Covid19
38. Learning loss in education: A high income country perspective
39. Learning loss in low- and middle-income countries
40. The effects of Covid-19 on educational attainment and attendance: A cross country comparison
41. Incentivising students to engage in a post-Covid world
42 Covid-19 and Digital delivery (ICT and AI in education)
43. The economics of school accountability Index
Review quotes
Review quotes
Review of the previous edition:
"Revised and expanded edition’s forty-two papers examine issues related to the funding and provision of resources in education, discussing returns to education, determinants of test scores, the behavioral economics of education, and recent policy developments." --Journal of Economic Literature
"Revised and expanded edition’s forty-two papers examine issues related to the funding and provision of resources in education, discussing returns to education, determinants of test scores, the behavioral economics of education, and recent policy developments." --Journal of Economic Literature
Product details
Product details
- Edition: 3
- Latest edition
- Published: June 1, 2027
- Language: English
About the editors
About the editors
Steve Bradley
Editor
Steve Bradley is a Professor of Economics. He was educated at Leeds Metropolitan University and Lancaster University from which he holds masters and doctorate degrees. Prior to his entry to academia, Steve spent ten years working in Local Government as a member of the Education Department of Lancashire County Council.
His research interests fall into two areas – Education Economics and Labour Economics. He has published widely on issues related to the operation and impact of introducing a quasi-market in the secondary education sector, and the econometric analysis of educational policy. Published work in the field of Labour Economics includes the employer selection and recruitment, tests of theories of labour market matching, the effect of employment protection on worker effort. Recently, he has, in conjunction with colleagues in the Department, completed a Nuffield Foundation-funded project evaluating the impact of the specialist schools policy on educational and labour market outcomes. Professor Bradley's current research interests focus on the determinants of youth unemployment and economic inactivity for Britain, Italy and Spain, the effect of teaching quality on the educational attainment of secondary school pupils and the analysis of transition behaviour in the adult labour market.
Affiliations and expertise
Professor of Economics, Lancaster University Management School, Lancaster, UKColin Green
Editor
Colin Green has been Professor of Economics at the Norwegian University of Science and Technology (NTNU) in 2017. Previously he was Professor of Economics at Lancaster University. He received his PhD in Economics from the University of Queensland in 2008. His research areas broadly cover applied microeconomics and issues of public policy. This includes research in education, labour, health and personnel economics. He is Editor in Chief at Education Economics, Associate Editor at the Journal of Economic Behavior and Organization and co-founded and organises the annual International Workshop on Applied Economics of Education (IWAEE).
Affiliations and expertise
Professor of Economics, Department of Economics, NTNU, Trondheim, Norway