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Handbook of the Economics of Education, Volume 4

Eric A. Hanushek, Stephen J. Machin, Ludger Woessmann
Published Date: 
Amsterdam: North Holland
708 pages

What is the value of an education? Volume 4 of the Handbooks in the Economics of Education combines recent data with new methodologies to examine this and related questions from diverse perspectives. School choice and school competition, educator incentives, the college premium, and other considerations help make sense of the investments and returns associated with education. Volume editors Eric A. Hanushek (Stanford), Stephen Machin (University College London) and Ludger Woessmann (Ifo Institute for Economic Research, Munich) draw clear lines between newly emerging research on the economics of education and prior work. In conjunction with Volume 3, they measure our current understanding of educational acquisition and its economic and social effects.

Reflections on the Economics of Education
Gary S. Becker

Chapter 1: Personality, Psychology, and Economics
Mathilde Almlund, Angela L. Duckworth, James Heckman, Tim Kautz

Chapter 2: Non-Production Benefits of Education: Crime, Health, and Good Citizenship
Lance Lochner

Chapter 3: Overeducation and Mismatch in the Labor Market
Edwin Leuven, Hessel Oosterbeek

Chapter 4: Migration and Education
Christian Dustmann, Albrecht Glitz

Chapter 5: Inequality, Human Capital Formation and the Process of Development
Oded Galor

Chapter 6: The Design of Performance Pay in Education
Derek Neal

Chapter 7: Educational Vouchers in International Contexts
Eric Bettinger

Chapter 8: Dropouts and Diplomas: The Divergence in Collegiate Outcomes
John Bound, Sarah E. Turner

Chapter 9: The Political Economy of Education Funding
Gerhard Glomm, B. Ravikumar, Ioana C. Schiopu