"Compares the performance of American schools with that of other countries against the background of an increasingly globalizing world, introducing new competition for talent, markets, capital, and opportunity, and shows mixed results for U.S. students and recommends areas where American schools...

In the present paper through an empirical analysis with panel data author will attempt to evaluate the efficiency of government spending for education as a % of GDP in terms of a certain education quality criterion. The sample covers all world. Data are taken from Eurostat. The elaboration of...

In the present paper author through an empirical analysis with panel data will estimate the impact of government education spending (all levels of education) on unemployment rate reduction (all levels of training) vs the impact of real GDP growth. It will be pointed out that government education...

College education is not only an investment; for many people it also generates consumption benefits. If these benefits are normal goods, then the rich attend college at higher rates than the poor. Furthermore, the marginal poor student is smarter than the marginal rich student. Colleges aiming...

We provide an explanation for why both college tuition and government grants to college students are typically means-tested. The critical idea is that attending college is both an investment good and a consumption good. The consumption benefit from education implies that, when tuition and grants...

This study developed an Education Efficiency Index for 31 countries, both developed and developing, which can be used by everybody involved and interested in education such as teachers, lecturers and policy makers. The index is used to demonstrate that countries which invest deeply in education...