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Education economics or the economics of education is the study of economic issues relating to education, including the demand for education, the financing and provision of education, and the comparative efficiency of various educational programs and policies. From early works on the relationship between schooling and labor market outcomes for ...
Increases in the amount of female education in regions tends to correlate with high levels of development. Some of the effects are related to economic development. Women's education increases the income of women and leads to growth in GDP. Other effects are related to social development. Educating girls leads to a number of social benefits ...
The sociology of education is the study of how public institutions and individual experiences affect education and its outcomes. It is mostly concerned with the public schooling systems of modern industrial societies, including the expansion of higher , further , adult , and continuing education.
Public education is widely regarded as a long-term investment that benefits society as a whole, with primary education showing particularly high rates of return. [78] Additionally, besides bolstering economic prosperity, education contributes to technological and scientific advancements, reduces unemployment, and promotes social equity. [79]
With this in mind, economic development is typically associated with improvements in a variety of areas or indicators (such as literacy rates, life expectancy, and poverty rates), that may be causes of economic development rather than consequences of specific economic development programs. For example, health and education improvements have ...
An economic impact analysis (EIA) examines the effect of an event on the economy in a specified area, ranging from a single neighborhood to the entire globe. It usually measures changes in business revenue, business profits, personal wages, and/or jobs. The economic event analyzed can include implementation of a new policy or project, or may ...
A study published in Nature in 2009 found that when using the Human Development Index instead of the GDP as measure for economic development, fertility follows a J-shaped curve: with rising economic development, fertility rates indeed do drop at first but then begin to rise again as the level of social and economic development increases while ...
This is the case for many groups in South Asia. In an article about education inequality being affected by people groups, the organization Action Education claims that "being born into an ethnic minority group or linguistic minority group can seriously affect a child's chance of being in school and what they learn while there" (Action Education ...