Education and Development: Measuring the Social Benefits

by Walter W. McMahon

Overview

Education is a key area for knowledge-based, globalizing economies. Economies depend on education not only for the diffusion of knowledge and learning of new techniques, but also for long-term poverty reduction and improved health. This book develops a new approach for measuring the social benefits of education and finding more cost-effective policies.

Product Details

ISBN-13:	9780198292319
Publisher:	Oxford University Press
Publication date:	03/23/2000
Pages:	314
Product dimensions:	6.40(w) x 9.30(h) x 1.00(d)

About the Author

Walter W. McMahon has been Professor of Economics with a joint appointment as Professor of Education at the University of Illinois at Urbana-Champaign since 1972, specializing in the economics of education and human capital, and in macroeconomic theory and analysis. He has worked in many developing countries, including acting as Chief Economist on the 25 Year Plan for Education in Indonesia, and conducting education sector assessments for the governments of Nepal, Pakistan, Indonesia, and Kuwait.

Table of Contents

Part I: IntroductionMeasuring the Returns to EducationPart II: Economic GrowthHuman Capital, Endogenous Growth Models, and Economic DevelopmentEducation and Growth in East AsiaEducation and Growth in Latin AmericaAfrica's Population Growth and Dilution of Human Capital (with Ali Arifa)Part III: Measuring the Non-Monetary BenefitsHealth and Net Population GrowthDemocracy, Human Rights, and Political StabilityPoverty and InequalityThe EnvironmentEducation and CrimePart IV: The Complete Model: Education and Economic DevelopmentTracing the Impacts of Education on Development: A SummaryMeasuring the Total Social Benefits of Education: The Complete ModelSeparating and Valuing the Direct and Indirect Effects of EducationSummary of Conclusions: Measuring the Social Benefits, Convergence, and Policy DialogueBibliography

Editorial Reviews

"This is a valuable, ambitious volume."—Choice

From the Publisher