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...

Regression and neural network models of wage determination are constructed where the explanatory variables include detailed information about the impact of school curricula on future earnings. It is established that there are strong non-linearities and interaction effects present in the...

This paper examines the stability of the wage inflation process in Britain and America from 1892 to 1991. Utilizing a simple model of the aggregate labor market that treats wage inflation and the annual change in the unemployment rate as jointly endogenous variables, we find no evidence of...

An empirical model is estimated which evaluates the determinants of labour market participation and occupational choice. The response of the latter to changes in expected earnings is somewhat weaker amongst women, especially married women, than amongst men. One interpretation of this finding is...

A multiproduct cost function is estimated for English higher education institutions using a panel of data from recent years. The panel approach allows estimation by means of a random parameter stochastic frontier model which provides considerable new insights in that it allows the impact on...

This paper surveys the literature concerning the operation of incentive mechanisms within and across higher education institutions. A principal-agent model of intra-institution resource allocation is developed, and its implications are compared with some of the resource allocation models...