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Full Description
The Political Economy of Education provides academically rigorous yet clear explanations of the economics and politics driving today's educational systems and how economists analyze them. The book covers a host of topics central to teaching about education and crucial to educational policy. These include how to use the tools of economic and political theory to take critical measure of education's role in social mobility and economic growth, whether good teachers can overcome social class and race achievement gaps, the effectiveness of early childhood and vocational education, and debates on school accountability and whether increasing spending on schooling improves quality. The book also explores worldwide changes in higher education, especially massification and increased stratification and privatization. Written for upper undergraduate and graduate students in economics, public policy, and education and packed with real-world examples, this is an essential text for anyone interested in gaining fresh and international perspectives on education.
Contents
Preface; Part I. Introduction: 1. The political economy of education; 2. The contribution of the economics of education to education policy; 3. The state and education; Part II. Human Capital: 4. Education, labor markets, and earnings; 5. Age-earnings profiles and the returns to human capital; 6. Measuring the returns to investment in education according to the human capital model; Part III. Alternatives to Human Capital: 7. Alternative conceptions of the relation between skill acquisition and productivity; 8. Conditioned choice and discrimination; Part IV. Education, Economic Growth, and Income Distribution: 9. Education and economic growth; 10. Education and income distribution; Part V. Educational Production Functions: 11. Underlying issues in educational production functions; 12. Modeling and estimating educational production functions; 13. Cost-effectiveness and cost-benefit analysis; 14. Issues in early childhood education; 15. Issues in the production of vocational education; Part VI. Teacher Labor Markets: 16. Fundamental elements in the study of teacher labor markets; 17. The supply of and demand for teachers; 18. Teacher salaries; 19. The politics of teacher labor markets; Part VII. School System Accountability: 20. Public sector accountability; 21. Market accountability; Part VIII. Financing Education: 22. Educational spending; 23. Collecting and allocating revenue for education; 24. More spending on education, improved student achievement, and other student outcomes; Part IX. The Political Economy of Higher Education: 25. Higher educational expansion as a global phenomenon; 26. The financing of higher education; 27. Higher education as an industry; 28. Academic labor markets and student college choice strategies; References; Index.
