Theoretical concepts in the economics of education

D. J. Brewer; G. C. Hentschke; E. R. Eide

doi:10.1016/B978-0-08-044894-7.01210-0

Theoretical concepts in the economics of education

D. J. Brewer, G. C. Hentschke, E. R. Eide

Applied Statistics, Social Science, and Humanities

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

This article reviews several of the most important theoretical concepts in the economics of education. Three of the most commonly used ideas - human capital, markets, and education production - are outlined in a nontechnical manner for a general reader. These concepts are useful in understanding why individuals choose to acquire schooling, how societies organize educational systems, and how schools use resources. Empirical studies dealing with each of these issues are reviewed elsewhere in the encyclopedia.

Original language	English (US)
Title of host publication	International Encyclopedia of Education
Publisher	Elsevier Ltd
Pages	193-198
Number of pages	6
ISBN (Print)	9780080448947
DOIs	https://doi.org/10.1016/B978-0-08-044894-7.01210-0
State	Published - 2010

Keywords

Human capital
Incentives accountability
Markets
Resource allocation

ASJC Scopus subject areas

General Economics, Econometrics and Finance

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10.1016/B978-0-08-044894-7.01210-0

Cite this

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AB - This article reviews several of the most important theoretical concepts in the economics of education. Three of the most commonly used ideas - human capital, markets, and education production - are outlined in a nontechnical manner for a general reader. These concepts are useful in understanding why individuals choose to acquire schooling, how societies organize educational systems, and how schools use resources. Empirical studies dealing with each of these issues are reviewed elsewhere in the encyclopedia.

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KW - Resource allocation

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Theoretical concepts in the economics of education

Abstract

Keywords

ASJC Scopus subject areas

Access to Document

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