Schooling and the Quality of Human Capital
ISBN:
978-3-662-42586-2
Auflage:
Softcover reprint of the original 1st ed. 2002
Verlag:
Springer Berlin
Land des Verlags:
Deutschland
Erscheinungsdatum:
23.08.2014
Reihe:
Kieler Studien - Kiel Studies
Format:
Softcover
Seitenanzahl:
228
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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.
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