The rapid expansion of China's higher education system in recent years has exceeded China's high rate of economic growth and produced a problem of overeducation and undereducation, defined respectively as whether graduates obtain jobs whose educational requirements are commensurate with their...

University of York Beijing Normal University The efficiency of the process of investment in human capital through education is of considerable importance both to the individuals involved and to the wider economy. The paper develops an analytical framework in which issues of the efficiency of...

Examines the recent changes made to the public sector in the UK in the context of relevant economic models, including the principal‐agent model, public goods theory and the median voter model. Considers a umber of possible justifications for the changes, including the emulation of the private...