Item description for Schooling and the Quality of Human Capital (Kieler Studien - Kiel Studies) by Ludger Wößmann...
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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Est. Packaging Dimensions: Length: 9.29" Width: 6.3" Height: 0.79" Weight: 1.15 lbs.
Release Date Nov 19, 2002
ISBN 3540438823 ISBN13 9783540438823