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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 ...
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 ...
While India as a whole seems to prove the theory that a lack of female education is a barrier to economic development, an inside look at education and socioeconomics between states shows a more complex relationship. Comparison of states can also illustrate the complexity in education being both a cause and effect of social and economic factors.
The features most directly affected by the new liberal economic strategy were the “decentralization of educational finance and governance”, the “privatization of higher education”, the “reorganization (or “rationalization”) of schools" and the “liberalization of textbook publishing”, [3] although many other facets of education ...
It covers all aspects of the economics of developing countries, including education reform, immigration, debt bondage, ethnicity, land redistribution, and economic development and cultural change. EDCC 's focus is on empirical papers with analytic underpinnings, concentrating on micro-level evidence , that use appropriate data to test ...
Educational equity, also known as equity in education, is a measure of equity in education. [1] Educational equity depends on two main factors. The first is distributive justice, which implies that factors specific to one's personal conditions should not interfere with the potential of academic success.
The UN Human Development indices suggest that human capital is merely a means to the end of human development: "Theories of human capital formation and human resource development view human beings as means to increased income and wealth rather than as ends. These theories are concerned with human beings as inputs to increasing production". [45]