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Questions tagged [education-economics]

Economics of Education is the branch of microeconomics that studies production, consumption, externalities of education, as its market peculiarities and non-market effects.

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Reference recommendation on the causal relationship between family size and children's educational attainment, or the quantity-quality trade-off

I am currently reading both Poor Economics and Factfulness, and two seemingly contradictory statements jump out at me. From Factfulness, and I am kind of taking this statement out of context, but it ...
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Which authors have cited the Wealth of Nations to support their non-academic viewpoints (e.g., privatizing schools or supporting unschooling)?

In "Book 5" of the Wealth of Nations there is a section called "Art. II. Of the Expense of the Institutions for the Education of Youth." This section strongly criticizes universities and schools in ...
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Does it make economic sense for only some universities in a certain area to pay their sports scholars?

Apparently ‘Athletic scholarships are common in the United States, but in many countries they are rare or non-existent.’ But are there countries where there are some universities that offer sports ...
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Does mathematical education imply a better salary?

In some sense this is a follow-up to Correlation between salary level and housing prices in a town There I was reminded to ask for causality, not correlation. I am interested in the causal effect of ...
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Education Spending Ratio

Oscar Tabarez, the current football manager of Uruguay National Team, have urged, after his good results, his governement to raise, as promised, the Education Spending on GDP Ratio to 6%. It is a ...
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Market Power in microeconomic theory

What does the term Market Power mean in microeconomic theory
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Why is everyone suggested to specialize their education?

Why is so common to suggest university students to specialize in order to get a better paid job? This goes completely against the principle of diversification of investments, in order to decrease ...
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Ad-driven skills gap?

In a Business Insider piece I read that: Michael Madowitz, an economist at the Center for American Progress, says he is "unusually unsympathetic to the evergreen skills gap critique." "First ...
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master of arts in economics and management studies?

In Cambridge, there'a Master of Arts in economics and management studies. I wonder why economics degrees are under "arts"? This is what I see in some C level's cv.
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Analzying K-12 Education: Cost vs. Expenditure?

I have heard constant complaints, particularly from teachers, that (United States) schools are underfunded, and that budget cuts only stand to exacerbate this problem. My own high school couldn't ...
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How do social impact bonds work? (pay-for-success financing models)

I'm asking because of this news article in particular. To the best of my knowledge investing in high quality early education has one of the highest return of investment (ROI) ratios for governments, ...
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General equilibrium effects of affirmative action policies

I am interested in the debate about affirmative action in college admissions and I would be happy to read some theoretical economic investigations of the effects of these policies. I would be glad if ...
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What is the economical advantage coming from the ability to speak English?

I'm very much interested in the difference between anglophonic and non-anglophonic countries stemming just from the language skills. I'll be grateful for any references regarding the topic. What is ...
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College enrollment probability model

Im working on college enrollment linear probability model where enrollment is regressed on income. I have the following regressions $$y=\beta_0+\beta_1x_1+u$$ $$y=\beta_0+\beta_1x_1^2+u$$ $$y=\...
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References on Economics of Vouchers

I am interested in key references on the economics of vouchers. In particular I am interested in asking, "Under what conditions are vouchers more or less useful?" Tangentially related resources of a ...
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Is there any work on equality in a market versus friction?

This is a question about educational economics. There is a phenomenon when studying countries like the USA and Chile (that have implemented voucher systems) that reducing the friction in a "...
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Modelling the effects of exams on future economic growth

I would like to know how one could go about modelling the effect of the existence of exams or standardised testing, on future rates of economic growth. So I'd like to come to any of the following ...
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Rationale behind teaching History in University

I wrote an answer to this question regarding how economists evaluate a specific subject in a given curriculum. Subjects which develop skills that have labour market significance are valuable to a ...
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Pricing Education

On what basis do colleges/private schools price a given course assuming class size and direct costs are the same? My current understanding is in my question on private school behaviour regarding the ...
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Have there been attempts to measure the value of specific taught skills?

I'm aware there is a body of research concerned with measuring the returns to schooling in general, and there are theoretical pronouncements about what the most valuable things to learn at school are. ...
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Sources on Educational intervention changing consumer preferences?

I'm doing some research on how education can change a consumers preference for a given good or service. Im looking for more research papers or books that discuss such a topic. I've looked around ...
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Global Education Indicators - dataset

I've been looking for a dataset with a single education indicator by country so I can rank/compare them but I haven't found anything. Already seen Unesco and Worldbank data but info is too much for ...
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Income Elasticity of Demand for Higher Education

My model has been given as: $$\ln (H_ed) = 18.08 - 0.53\ln Pop -2.01 \ln Distance + 0.47\ln RGD $$ Where (Hed) is higher education, pop is population, and RGD = Real GDP per capita. I have been ...
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Does the government have a role to play in certifying people's abilities for the labor market?

The nature of information often makes it look like a public good. Is this the case for certification of peoples abilities? Is there a role the government could play in certifying people's abilities? ...
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Why aren't there more super-stars in educational content delivery?

The super-star phenomena seems to happen in any field where the marginal cost of distribution is very low. I think teaching could be that way just as much as acting or playing basketball - at least as ...
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Using another person's guess as an IV

In Estimates of the Economic Return to Schooling from a New Sample of Twins by Orley Ashenfelter and Alan Krueger, they correct sampling error with an IV. They claim that their results imply a larger ...
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How to measure quality of education across countries?

For my research, I need a measure of the quality of education that I could apply to multiple countries. It must include quality of tertiary education. Standard measures like HDI Education Index are ...
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Due to rising costs of college tuition, is it likely that the future will have less universities and the remaining only for those of much wealth?

I am very sorry if this is worded wrong. I've looked at the numbers myself and it astounding how much college has gone up in price even for commuters in a few decades. People didn't need these ...
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Correlation and Causality: Data comparison of educational spending and GDP growth

I am interested as to whether or not Educational spending does or does not affect GDP and GDP growth (and as an aside GDP per Capita). As an overview, I've ranked the countries in each aspect (with 1 ...
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Is education a part of the U.S. exports component of GDP?

I was searching for this but could not find an answer. My question is whether education of the U.S. universities provided to foreign students counts in exports component on GDP. And if so, can we ...
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Is there some kind of consensus on the determinant factors of education achievement?

There is quite a bit of literature on the economics of education. One of the most debated aspects of it arises when estimating the achievement of the student (usually in the form of standardized test ...
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How do Gini coefficients correlate with the cost of higher education?

Are there any studies that explore the higher net present value (NPV) of education in countries with higher Gini coefficients? Additionally, do any of these studies include the impacts of economic ...