<title>Abstract</title> The authors tested whether student performance in the principles of economics course is affected by the use of graphs as part of a lecture. They conducted two experiments at the University of South Carolina, one in spring 1995 and another in spring 1997. Students were randomly assigned...

This major Handbook comprehensively surveys the rapidly growing field of the economics of education. It is unique in that it comprises original contributions on an exceptional range of topics from a review of human capital, signalling and screening models, to consideration of issues such as...

Recent Developments in the Economics of Education collects together the most important contributions in this rapidly developing field. Themes covered in this book include: efficiency and equity, externalities and the role of the government in providing education, the relationship between the...

A flexible fixed-cost quadratic function is employed to estimate multiple-output cost functions for 94 private universities in Japan for the year 1991. The three outputs employed are undergraduate teaching, graduate teaching and research. Our results provide evidence of ray economics of scale...

Recent literature on the returns to schooling and vocational and occupational training in OECD countries is examined, with somewhat greater emphasis being accorded the US and UK experience. We provide estimates of short-cut, Mincer-type and internal rates of return to schooling, as well as...

Musgrave, m his Theory of Public Finance, argues that the pnce effect of a unit tax Abstract under monopoly is one half the effect under competition when demand and supply curves are linear. It is shown here that this rule applies only for the constant-cost case. For an increasing supply...

All major pubic finance texts offer some treatment of benefit-cost analysis. The typical treatment, however, glosses over the welfare economic foundations of modern benefit-cost analysis and therefore denies the student a broader view of the subject. The student might be misled to believe that,...