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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.
Author: Ludger Wößmann
Edition: Softcover reprint of the original 1st ed. 2002
Binding: Paperback
EAN: 9783662425862
Condition: New
Manufacturer: Springer
Number of items: 1
Number of pages: 228
Product group: Book
Studio: Springer
Publication Date: 2014-09-12
Publisher: Springer
Pages: 228
ISBN: 3662425866