The Economics of Education

Education and training are key to explain the current competitive strengths of national economies, and to secure future competitiveness. While in the past educational and training institutions were often seen as providers of necessary skills for national economies, this view has changed dramatically, with education and training now being seen as a key ingredient for international competitiveness.

The aim of this book is to answer from an economics viewpoint such questions as why some people go to college while others do not, and why the …

Among all the large emerging market economies, India has one of the lowest educational indicators for a majority of its population living in its most backward states. These states account for most of the country’s children out of school and most of its illiterate population. Not surprisingly, they are the states with the highest incidence of poverty in India. This volume examines key aspects of the elementary education system in the poorer and educationally backward states of India. Providing the first state by state analysis of major cost and financing issues, the book is based on data gathered from one of the most comprehensive surveys conducted in recent times, which was specifically commissioned for this book.