Critical Perspectives on Economics of Education 1st Edition by Silvia Mendolia, Martin O’Brien, Alfredo Paloyo, Oleg Yerokhin ISBN 0367569868‎ 978-0367569860

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ISBN 10: 0367569868
ISBN 13:‎ 978-0367569860
Author: Silvia Mendolia, Martin O’Brien, Alfredo Paloyo, Oleg Yerokhin 

This book brings together leading scholars in the field to provide insights on economics of education.

The book begins with an overview of education and human capacity development and looks at the production of education through individuals’ learning, education financing, and the role of individual circumstances. It also analyses the complex relationship between education and mobility and highlights what key challenges for education systems in a global world are. Each chapter provides detailed analysis of interesting and policy-relevant topics in the fields of education economics and human capacity development.

This book is a useful reference for those who wish to understand the changing landscape and models of higher education in the context of digital advances and innovation. It will also be of interest to those in the areas of education and training.

Critical Perspectives on Economics of Education 1st Table of contents:

1 Introduction Understanding economics of education

2 Underrepresentation of women in undergraduate economics degrees in Europe A comparison with STEM and business degrees1

Introduction

Recent trends in undergraduate women in economics across Europe (2014–2018)

Policy recommendations and future research

Mentoring at the high school level

Addressing unconscious bias

Degree flexibility and interdisciplinarity

Appendices

Notes

References

3 How should governments finance student loans? Lessons from around the world1

Introduction

The economics of higher education financing in concept

Government subsidies, tuition, and equity

Charging tuition and the provision of public university places

The need for government intervention in student loans

Comparing the effects of student loan systems

Student loan effects: measurement

The importance of predictions of graduate lifetime incomes

Measuring repayment burdens in concept

Measuring repayment burdens in practice

ICL: subsidies and design

ICL and interest rate subsidies

Designing country-specific ICLs

COVID-19 and the design of student loans

Student loans and insurance

The COVID-19 recession and student loans

The scarring effects of adverse labour market entrance for graduates

Conclusion

Notes

References

4 Unintended consequences of free education in public colleges and universities in the Philippines1

Introduction

State of higher education in the Philippines

The universal access to quality tertiary education act of 2017

Benefits of higher education

Costs of higher education

Concept and methodology of rate of returns analysis

Measuring private benefits of academic programmes

Estimating the private costs of academic programmes

Results

Implications of free public higher education

Inefficiency in allocation of resources

Undermining the viability of private colleges and universities

Discounting the value of research in universities

Inequities in access to higher education

Conclusion: What is the appropriate policy?

Note

References

5 Education and family structure

Introduction

Trends in marital status and family structure by educational attainment

Marriage

Divorce

Cohabitation

Children

Lone parenthood

Summary

Models of fertility, partnering, and education

Marital status

Marriage

Cohabitation

Divorce

How education can affect marital status

How marital status can affect education

Fertility

Empirical evidence of the relationships between education and family formation

The effect of additional education on family formation and fertility

The effect of additional years of secondary education

The effect of completing school-leaving qualifications

The effect of enrolling in and completing tertiary education

Summary

The effect of marriage and fertility on educational attainment

The effect of early childbearing and marriage

The anticipation of marriage market returns

Summary

Education and family structure across the lifecycle

Formal education across the lifecycle

Data and empirical strategy

Results

Limitations

Conclusion

Notes

References

6 Sibling health, schooling, and longer-term developmental outcomes1

Introduction

Australia’s education system

Data

Children’s developmental outcomes

Family illness and disability measures

Methods

Potential endogeneity

Identifying variation and implementation

Testing for internal consistency

Results

Explanations for the narrowing cognitive gaps

Sensitivity analysis

Conclusion

Appendices

Notes

References

7 Social mobility in the Philippines A research roadmap

Introduction

Social mobility: theoretical foundations

Seminal model: Becker-Tomes framework

Extended model: complementarities between parental human capital and investments in children

Human development and social mobility

Social mobility: definition, indicators, and measurements

Definition

Educational mobility

Occupational mobility

Social mobility: policies that matter

Early interventions in health and education

Education and skills in later life

Labour market

Stocktaking in the Philippines: data sources and potential social mobility studies

Available data and potential mobility studies

LFS: wage distribution of cohorts

Merged LFS-FIES: mobility and in-work poverty

CPH: occupational and educational mobility

Advocating a new strategy

Concluding remarks

Notes

References

8 The effect of class size in schools on student outcomes

Introduction

Does class size affect student outcomes?

Longer terms and other outcomes

Heterogeneous effects

Looking inside the black box and ways forward

Conclusion

Notes

References

9 Returns to education in four transition countries

Introduction

Education in transition to a market economy

Econometric methodology

Quantile regression approach

Sample selection in a quantile regression framework

Endogeneity in the quantile regression model

The data

Empirical results

Unadjusted QR estimates

Unadjusted results with interactions for education

Sample selection-adjusted QR results

Endogeneity-adjusted QR results

Sample selection and endogeneity-adjusted QR results

Explaining heterogeneity

Discussion and limitations

Conclusion

Notes

References

10 Distance matters Geographic accessibility and higher education participation decisions

Introduction

Theoretical foundations

Human capital framework

Random utility theory

Empirical evidence

Choice models of participation

Gravity models of student migration

Stated preference approaches

An illustrative example

Conclusion

Notes

References

11 The predictive power of Big Data in education

Introduction

Literature review

Institutional context

Data

Variables

Offline variables

Enrolment

Prior academic ability

Course activity and performance

Online variables

Economic simulation

Practice questions database

Course website

Summary statistics

Methodology

Results

Conclusions

Notes

References

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Tags: Silvia Mendolia, Martin O’Brien, Alfredo Paloyo, Oleg Yerokhin, Critical Perspectives