Kieler Studien - Kiel Studies

Wößmann, Ludger

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.

Details

Published by: Springer

Publication Date: 2014-08-23

Format: Paperback

ISBN-13: 9783662425862

DOI: 10.1007/978-3-662-42584-8

Dimensions: 244cm x170cm

Pages: 228