This document reflects Federal Student Aid's solid progress in meeting strategic objectives since becoming a Performance-Based Organization. Specifically, the plan addresses continuing efforts to increase program integrity, improve customer service and achieve measurable results in the management and administration of the Title IV student…

This text examines the economics of education as it exists in the United States. The text begins with a very brief introduction on the history of the financing of education. Then it examines the patterns of educational expenditures from 1960 to 1973, describes the current financial status of education, evaluates the contribution of education to…

Like all capitalist nations which have gone through a development process, the United States has relied partly on the rural-to-urban transfer of resources for the growth of an industrialized urban complex. The existence of a market-dominated rural sector and a noncompetitive (administered-price) urban sector has resulted in a major transfer of…

This publication consists of selected articles, essays and texts from the works of economists on the relationships between economics and education. These selections, representing the range of orientations, methods and findings believed to be most significant, are organized into the following topics: 1) Perspectives on Education and Development in…

Discusses the nature of the mind and education. Suggests that society learns more from mistakes than from simply replicating the mind of the teacher in the students. Expresses hope that the next century will be one of maturity in which society is able to see that old knowledge no longer applies to a changing world. (DK)

During the period from 1949 to 1984, industry's share in the national economy of the Peoples' Republic of China rose from 30 percent to 60 percent. Despite raising literacy over the same period from 20 percent to over 75 percent, the Chinese educational system has failed to keep pace with the economy's rapidly expanding need for trained…

The document analyzes economic factors that might cause the output of educational services to diverge from the theoretical optimum because of a divergence between marginal social valuation and marginal social cost. Education contains both investment and consumption aspects. The analysis shows that the only distortion resulting from uncertainty…

For those students incurring direct educational expenditures that are high enough, the current personal income tax will discourage investment in human capital, assuming tax rates are essentially proportional over the relevant range. In all probability, however, any distortion between investment in human and physical capital is quantitatively…

Educational policy in three southern African countries plus the "independent" South African homelands is reviewed in this paper. First, an introduction discusses how the significance of education as a factor in national development became an issue of growing concern in the 1960's (during the move toward independence), but also how…

Cost and benefits of education are studied by this collection of eight papers by economists in relation to issues of the genetic component of variation in intelligence, differences between integration and desegregation, and diminishing returns in educational expenditures. Silver's paper challenges the idea that better schools cannot be obtained by…

This work was intended as a contribution to the theory of the nonprofit organization, local public finance, and human resources. There is a discussion of approaches to evaluating school systems, the validity of any of which depends upon prior knowledge of the resource-performance relationship, or the educational production function. A case study…

Educational reform depends more on clearly defined missions and operational efficiency than on improved teacher quality. This article defines adequacy, equality, equity, and efficiency; examines numerous production function studies of teacher characteristics and policy and administrative structures; and summarizes seven policy implications.…

This bibliography lists 724 books and articles dealing with the economics of education. With a few exceptions, the listings begin with 1950 and the majority have been published since 1960. Areas covered include (1) theory of human capital, (2) textbooks, (3) collected readings, (4) the political economy of education and broad social concerns, (5)…

Based on calculations of private and social rates of return on a student's investment in a Japanese secondary or college education, a government loan program for all capable students needing aid is proposed and its potential economic impact described. Comparisons are made with rates of return in the United States. (MJL)

Discusses options for the financing of postcompulsory education. Describes developing and developed nations where a funding crisis has resulted from an increased demand for education when new technologies require ever more highly trained workers. Includes discussion of public versus private funding, business contributions, international…