The Economics of EducationThe main aim of the book is to present a comprehensive survey of the economics of education from an international perspective. This revised volume includes new chapters on educational costs and benefits, teacher's salaries and educational finance. |
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achievement addition analysis approach argues average basic benefit-cost benefit-cost ratio benefits calculated coefficients Cohn college education college graduates Column contribution of education costs countries developed differentials discount dollars economic growth economies of scale educational investment elementary and secondary employed enrollment equation equity estimated example expenditures factors faculty federal forgone earnings funds Gini coefficient growth accounting high school higher education human capital IHES increased individual institutions IRORS labor market lifetime earnings Lorenz curve males manpower measure monopsony national income net present value nonschool obtained OECD opportunity costs output percent percentage present value production function programs property tax Psacharopoulos public schools pupil rates of return ratio recent relative returns to education revenues school districts school finance secondary schools sector significant social studies Table tax effort teacher salaries teaching United variables vocational education