Schooling and the Quality of Human Capital

2002
ISBN: 978-3-540-43882-3
Verlag: Springer

Buch, Englisch, Band 319, 228 Seiten, Book, Format (B × H): 155 mm x 235 mm, Gewicht: 540 g

Reihe: Kieler Studien / Kiel Studies

This book presents a thorough economic analysis of both the determinants and the consequences of international differences in schooling quality. It is shown that cross-country differences in quality-adjusted human capital can account for a substantial part of the international variation in economic development. However, large increases in per-student spending over recent decades were not matched by increases in student achievement in most countries. In a simple principal-agent model, the book stresses the importance of institutional features of the schooling system such as central examinations, school autonomy, and private-sector competition. Microeconometric estimations based on data for more than a quarter of a million students reveal that international differences in these institutions, rather than differences in resources, can explain the large international differences in schooling quality.

Zielgruppe

Research

Autoren/Hrsg.

Wößmann, Ludger

Inhaltsverzeichnis

An Economic Analysis of Schooling.- The Quality of Human Capital and Economic Development.- The Missing Link between Expenditure and Schooling Quality.- Modeling the Production of Schooling Quality.- The Link between Institutions and Schooling Quality.- Implications for Schooling Policy.