The paper investigates the possibility of overeducation and the role of the three levels of education of both sexes to the economic growth of Greece in the 1961-91 period. The main findings indicate lack of overeducation, intertemporal increase of the relative contribution of secondary and...

The view that the returns to public educational investments are highest for early childhood interventions stems primarily from several influential randomized trials - Abecedarian, Perry, and the Early Training Project - that point to super-normal returns to preschool interventions. This paper...

The literature on vouchers often concludes that a voucher-based system cannot be the outcome of a majority vote. This paper shows that it is possible to propose selective vouchers (of exogenous value) such that the majority of voters are in favour of selective vouchers. As long as the...

Although considerable effort has been expended on measuring the returns to education in the U.S. and on modeling the individual decision-making process in human capital investment, surprisingly little work has been done in terms of attempts to forecast college enrollment rates in the U.S....

In our 1991 Brookings book, "Keeping College Affordable: Government and Educational Opportunity", we examined whether our nation's colleges and universities were affordable for Americans of all economic and social backgrounds, and outlined policies aimed at the efficient allocation of government...

Using data generated for a study of student subsidies (in WPEHE Discussion Paper No. 32), this paper reports on the distribution of capital stocks and the costs of capital services in 2700 colleges and universities in 1991. The $330 billion in physical capital estimated for these institutions...

This paper reports on the distribution of capital stocks and the costs of capital services in 3148 colleges and universities in 1993.

There exists considerable evidence from educational measurement theorists that constructed-response questions add little new information about student achievement beyond that provided by multiple- choice questions. The purpose of this paper is to view this issue through the eyes of an economist,...

Household poverty is a powerful motive for child labor and working frequently comes at the expense of schooling for children. Accounting for these natural links we investigate whether and when there is an additional role for community norms and how the social evaluation of schooling evolves over...