Article

Economics of Education

Kevin A. Gee

in Education

ISBN: 9780199756810
Published online December 2011 | | DOI: http://dx.doi.org/10.1093/obo/9780199756810-0055
Economics of Education

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  • Education
  • Organization and Management of Education
  • Philosophy and Theory of Education
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The economics of education is a rapidly growing and evolving field that applies a diverse array of economic theories, models, and quantitative methodologies to understand, analyze, and improve the performance of education systems. Economic theories, such as the theory of human capital, economic models, such as the input–output based model of educational production, and rigorous experimental and quasi-experimental designs that seek to establish causal relationships have been developed and used by economists to shed light on a host of substantive issues that span education sectors, from formal to informal, and education levels, from early childhood education to higher education. Some of the most prominent issues in education that economists currently research include school choice (charter schools and voucher systems), teacher accountability, and closing growing achievement gaps. Because the field is rapidly evolving and the topics that are at the forefront of scholarly research in the economics of education are often responsive to current policy debates in education, these entries reflect the most salient and up-to-date references with an emphasis on topics most relevant to educational issues, both domestic and global, in the first decade of the 21st century.

Article.  8106 words. 

Subjects: Education ; Organization and Management of Education ; Philosophy and Theory of Education ; Schools Studies ; Teaching Skills and Techniques

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