Education and Development Measuring the Social Benefits [Hardcover]

Education is a key area for knowledge-based, globalizing economies. Economies depend on education not only for the diffusion of knowledge and learning of new techniques, but also for long-term poverty reduction and improved health. This book develops a new approach for measuring the social benefits of education and finding more cost-effective policies.

Part I: Introduction
Measuring the Returns to Education
Part II: Economic Growth
Human Capital, Endogenous Growth Models, and Economic Development
Education and Growth in East Asia
Education and Growth in Latin America
Africa's Population Growth and Dilution of Human Capital (with Ali Arifa)
Part III: Measuring the Non-Monetary Benefits
Health and Net Population Growth
Democracy, Human Rights, and Political Stability
Poverty and Inequality
The Environment
Education and Crime
Part IV: The Complete Model: Education and Economic Development
Tracing the Impacts of Education on Development: A Summary
Measuring the Total Social Benefits of Education: The Complete Model
Separating and Valuing the Direct and Indirect Effects of Education
Summary of Conclusions: Measuring the Social Benefits, Convergence, and Policy Dialogue
Bibliography

This is a valuable, ambitious volume. --Choice

Walter W. McMahonhas been Professor of Economics with a joint appointment as Professor of Education at the University of Illinois at Urbana-Champaign since 1972, specializing in the economics of education and human capital, and in macroeconomic theory and analysis. He has worked in many developing countries, including acting as Chief Economist on the 25 Year Plan for Education in Indonesia, and conducting education sector assessments for the governments of Nepal, Pakistan, Indonesia, and Kuwait.