Tag: education economics
The study of the economics of education has expanded considerably in scope over the last four and a half decades – as is evidenced by the wide range of material in this volume. But the key insights of human capital theory remain central to any analysis of the demand for education, and it is therefore… Read more
The key messages from this topic guide are: Education economics starts from the basis that there are returns to education that increase the wealth and well-being of the educated. Economists view education as a merit good, in that there are externalities or spillovers, meaning returns to education benefit others beyond the person being educated. Government/public… Read more