This paper focuses on the changing economic value of secondary and higher education in four potential world economic powerhouses - Brazil, Russia, India, and China - known as the BRIC countries. We show that in the past twenty-five years in the BRIC countries, changes in rates of return to...

Government-financed school vouchers promise to improve consumer choice while still providing the public funding needed for families to invest adequately in their children's education. But politically and in practice, the choice that vouchers offer can mean many things, from eliminating...