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Keywords
- Economic Development
- Economics of Education
- Empirics of Economic Growth
- Human Capital
- Schooling Quality
About this book
This book presents a thorough economic analysis of both the determinants and the consequences of international differences in schooling quality. It is shown that cross-country differences in quality-adjusted human capital can account for a substantial part of the international variation in economic development. However, large increases in per-student spending over recent decades were not matched by increases in student achievement in most countries. In a simple principal-agent model, the book stresses the importance of institutional features of the schooling system such as central examinations, school autonomy, and private-sector competition. Microeconometric estimations based on data for more than a quarter of a million students reveal that international differences in these institutions, rather than differences in resources, can explain the large international differences in schooling quality.
Bibliographic Information
Book Title: Schooling and the Quality of Human Capital
Authors: Ludger Wößmann
Series Title: Kieler Studien - Kiel Studies
Publisher: Springer Berlin, Heidelberg
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eBook Packages: Springer Book Archive
Copyright Information: Springer-Verlag Berlin Heidelberg 2002
Softcover ISBN: 978-3-662-42586-2Published: 23 August 2014
Series ISSN: 0340-6989
Edition Number: 1
Number of Pages: XVII, 228