Education And The Economics Of Human Capital

Author : Daniele Checchi
Publisher : Cambridge University Press
ISBN 13 : 1139449370
Total Pages : 5 pages
Book Rating : 4.73/5 ( download)

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Download or read book The Economics of Education written by Daniele Checchi and published by Cambridge University Press. This book was released on 2006-03-23 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: In an important contribution to educational policy, Daniele Checchi offers an economic perspective on the demand and supply of education. He explores the reasons why, beyond a certain point, investment in education has not resulted in reductions in social inequalities. Starting with the seminal work of Gary Becker, Checchi provides an extensive survey of the literature on human capital and social capital formation. He draws on individual data on intergenerational transmission of income and education for the USA, Germany and Italy, as well as aggregate data on income and educational inequality for a much wider range of countries. Checchi explores whether resources spent in education are effective in raising students' achievement, as well as analysing alternative ways of financing education. The Economics of Education thus provides the analytical tools necessary to understand the complex relationships between current income inequality, access to education and future inequality.

Author : Gary S. Becker
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.95/5 ( download)

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Download or read book Human Capital written by Gary S. Becker and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A diverse array of factors may influence both earnings and consumption; however, this work primarily focuses on the impact of investments in human capital upon an individual's potential earnings and psychic income. For this study, investments in human capital include such factors as educational level, on-the-job skills training, health care, migration, and consideration of issues regarding regional prices and income. Taking into account varying cultures and political regimes, the research indicates that economic earnings tend to be positively correlated to education and skill level. Additionally, studies indicate an inverse correlation between education and unemployment. Presents a theoretical overview of the types of human capital and the impact of investment in human capital on earnings and rates of return. Then utilizes empirical data and research to analyze the theoretical issues related to investment in human capital, specifically formal education. Considered are such issues as costs and returns of investments, and social and private gains of individuals. The research compares and contrasts these factors based upon both education and skill level. Areas of future research are identified, including further analysis of issues regarding social gains and differing levels of success across different regions and countries. (AKP).

Author : Eric A. Hanushek
Publisher : MIT Press
ISBN 13 : 026254895X
Total Pages : 275 pages
Book Rating : 4.53/5 ( download)

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Download or read book The Knowledge Capital of Nations written by Eric A. Hanushek and published by MIT Press. This book was released on 2023-08-15 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: A rigorous, pathbreaking analysis demonstrating that a country's prosperity is directly related in the long run to the skills of its population. In this book Eric Hanushek and Ludger Woessmann make a simple, central claim, developed with rigorous theoretical and empirical support: knowledge is the key to a country's development. Of course, every country acknowledges the importance of developing human capital, but Hanushek and Woessmann argue that message has become distorted, with politicians and researchers concentrating not on valued skills but on proxies for them. The common focus is on school attainment, although time in school provides a very misleading picture of how skills enter into development. Hanushek and Woessmann contend that the cognitive skills of the population—which they term the “knowledge capital” of a nation—are essential to long-run prosperity. Hanushek and Woessmann subject their hypotheses about the relationship between cognitive skills (as consistently measured by international student assessments) and economic growth to a series of tests, including alternate specifications, different subsets of countries, and econometric analysis of causal interpretations. They find that their main results are remarkably robust, and equally applicable to developing and developed countries. They demonstrate, for example, that the “Latin American growth puzzle” and the “East Asian miracle” can be explained by these regions' knowledge capital. Turning to the policy implications of their argument, they call for an education system that develops effective accountability, promotes choice and competition, and provides direct rewards for good performance.

Author : Ronald A. Wykstra
Publisher : Free Press
ISBN 13 :
Total Pages : 308 pages
Book Rating : 4.17/5 ( download)

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Download or read book Education and the Economics of Human Capital written by Ronald A. Wykstra and published by Free Press. This book was released on 1971 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compilation of writings on the economic implications of expenditure on education as a form of investment in human resources development (human capital), with particular reference to the USA - includes papers on various economic theories concerning the relationship between economic growth and national budget for education and covers cost benefit analysis considerations, the adjustment of educational structure to the requirements of economic development, etc. Bibliography pp. 266 to 268, references and statistical tables.

Author : Joel Spring
Publisher : Routledge
ISBN 13 : 1317548302
Total Pages : 258 pages
Book Rating : 4.00/5 ( download)

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Download or read book Economization of Education written by Joel Spring and published by Routledge. This book was released on 2015-03-27 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this timely, cogent analysis of trends and powerful forces shaping global educational policy today, Joel Spring focuses on how economization is making economic growth and increased productivity the main goals of schools, and the ways these goals are achieved—including measuring educational policies by their costs and economic benefits, shaping family life to ensure productive workers and high-achieving students, introducing entrepreneurship education into curricula from preschool through higher education, and increasing the involvement of economists in educational policy analysis. Close attention is given to the Organization for Economic Cooperation and Development (OECD), the World Bank, the World Economic Forum, and multinational corporations, which, as advocates of economization, want schools to focus on teaching hard and soft skills needed by the global labor market. Economization raises questions about the effects of economically driven agendas for schools: Will education policies advocated by global organizations and multinational businesses corporatize and standardize human personalities and families? What type of global worker is being sought by global organizations and multinational corporations? What education programs are supported to educate the ideal global worker? What is the ideal family life for economic growth and development? Detailing and analyzing the politics and motivations driving economization, the book concludes with an assessment of the impacts of the confluence of business interests, economic theories, governments, and educators.

Author : Conference on Research in Income and Wealth
Publisher :
ISBN 13 :
Total Pages : 344 pages
Book Rating : 4.81/5 ( download)

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Download or read book Education, Income, and Human Capital written by Conference on Research in Income and Wealth and published by . This book was released on 1970 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Jointly sponsored by Dept. of Economics, University of Wisconsin and the Conference on Research in Income and Wealth. Includes bibliographical references.

Author : Keeley Brian
Publisher : OECD Publishing
ISBN 13 : 9264029095
Total Pages : 150 pages
Book Rating : 4.95/5 ( download)

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Download or read book OECD Insights Human Capital How what you know shapes your life written by Keeley Brian and published by OECD Publishing. This book was released on 2007-02-20 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the impact of education and learning on our societies and lives and examines what countries are doing to provide education and training to support people throughout their lives.

Author : Gary S. Becker
Publisher : University of Chicago Press
ISBN 13 : 0226041220
Total Pages : 413 pages
Book Rating : 4.23/5 ( download)

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Download or read book Human Capital written by Gary S. Becker and published by University of Chicago Press. This book was released on 2009-05-15 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: Human Capital is Becker's classic study of how investment in an individual's education and training is similar to business investments in equipment. Recipient of the 1992 Nobel Prize in Economic Science, Gary S. Becker is a pioneer of applying economic analysis to human behavior in such areas as discrimination, marriage, family relations, and education. Becker's research on human capital was considered by the Nobel committee to be his most noteworthy contribution to economics. This expanded edition includes four new chapters, covering recent ideas about human capital, fertility and economic growth, the division of labor, economic considerations within the family, and inequality in earnings. "Critics have charged that Mr. Becker's style of thinking reduces humans to economic entities. Nothing could be further from the truth. Mr. Becker gives people credit for having the power to reason and seek out their own best destiny."—Wall Street Journal

Author : Alberto Bucci
Publisher : Springer Nature
ISBN 13 : 3030215997
Total Pages : 384 pages
Book Rating : 4.96/5 ( download)

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Download or read book Human Capital and Economic Growth written by Alberto Bucci and published by Springer Nature. This book was released on 2019-11-26 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited collection explores the links between human capital (both in the form of health and in the form of education), demographic change, and economic growth. Using empirical as well as theoretical perspectives, the authors investigate several important issues in the context of human capital, namely population ageing, inequality, public policy, and long-term economic development. Ultimately, they demonstrate that the accumulation of human capital is of crucial importance to long-run economic growth.

Author : Christopher B. Barrett
Publisher : University of Chicago Press
ISBN 13 : 022657430X
Total Pages : 425 pages
Book Rating : 4.01/5 ( download)

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Download or read book The Economics of Poverty Traps written by Christopher B. Barrett and published by University of Chicago Press. This book was released on 2018-12-07 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: What circumstances or behaviors turn poverty into a cycle that perpetuates across generations? The answer to this question carries especially important implications for the design and evaluation of policies and projects intended to reduce poverty. Yet a major challenge analysts and policymakers face in understanding poverty traps is the sheer number of mechanisms—not just financial, but also environmental, physical, and psychological—that may contribute to the persistence of poverty all over the world. The research in this volume explores the hypothesis that poverty is self-reinforcing because the equilibrium behaviors of the poor perpetuate low standards of living. Contributions explore the dynamic, complex processes by which households accumulate assets and increase their productivity and earnings potential, as well as the conditions under which some individuals, groups, and economies struggle to escape poverty. Investigating the full range of phenomena that combine to generate poverty traps—gleaned from behavioral, health, and resource economics as well as the sociology, psychology, and environmental literatures—chapters in this volume also present new evidence that highlights both the insights and the limits of a poverty trap lens. The framework introduced in this volume provides a robust platform for studying well-being dynamics in developing economies.