Education economics
The Economics of Education (also Economics of Education ) are available as economic discipline since about 1955. Their formation is dated differently, but no later than at the time of the work on human capital by Nobel Laureate Gary Becker. Jacob Mincer and Theodore W. Schultz were important pacemaker. Partly it is also the discipline of educational research. Your main question relates to the economics of education spending.
A main direction of the Economics of Education examines the impact of education on individual and aggregate income in the labor market. At this time, going back to an approach of Jacob Mincer, so-called returns to education estimated as cost and yield of a university education. In the recent literature, these approaches are extended to examine benefits of education in other areas ( eg health, life satisfaction). The focus in the current empirical literature estimating causal effects of education by means of appropriate statistical ( econometric ) methods.
About the estimation of returns to education beyond the " production of education" (which is thus seen as an important prerequisite for labor market outcomes and other results ) studied in detail. Thus, current economics of education studies refer to as cross-country comparisons of educational institutions and their success in the production of education.
In the Federal Republic in the early 1970s neo-Marxist -oriented political scientists as Elmar Altvater showed interested in the economics of education, because the deficit spending of the state seemed to indicate the disadvantage of lower-class children.
In addition to this approach, the economics of education, which is mainly attributable to the field of labor economics, another classic field of education economists is on financial scientifically oriented questions, such as the financing of education.
A recent discussion is the target of ten percent of Germany's gross domestic product, according to Angela Merkel's Germany Dresdner Education Summit 2008 is to spend more on education. The dispute is about the methods of calculation, which should be internalized. This determines whether the previous issues are as already adequately assess or as deficient.
Institutions doing research in terms of the economics of education
- German Institute for International Educational Research
- OECD
- Centre for Higher Education Development
- Institute for Economic Research
- Centre for European Economic Research