This article traces the development of four narratives of financial assistance for Australian university students - to encourage excellence; to meet public need; to build the stock of human capital; and as universal provision - and their effect on the development of a fifth narrative, centred on the Higher Education Contribution Scheme (HECS).…

There is a difference between the ways investment in general and advanced education affects human capital accumulation. Based on the endogenous economic growth model, this study considered the impact of hierarchical education investment on human capital accumulation and economic growth. Using Provincial Panel Data, the empirical analysis found…

This research evaluates the role of urban universities in economic growth. The study employed inherently rich data from IPEDS to create a panel dataset aggregated at the county level for 1065 colleges and universities in the Middle Atlantic region of the US. Using linear regression analysis, this study found that increases in expenditure per…

Bibliometric analysis, an approach introduced by the library and information sciences, attempts to unravel the relationships between a large number of scientific literature by using quantitative methods. "Economics of Education Review" was founded in 1981 to meet the needs of a growing number of research in the economics of education.…

Public higher education is chronically under-funded in developing countries, making private investment necessary for human capital development. We investigate if information provision mobilizes support for private investment in public higher education by employing an online RCT in Afghanistan. We find that information cues impact respondents'…

An apprenticeship levy was introduced in England in 2017 to help the government meet its target of 3 million apprenticeships between 2015 and 2020. Training levies have been, until recently, something of an anathema in public policy circles in England with most having been abolished by the mid-1980s as the government moved towards creating a…

The global landscape of higher education is an uneven field where players like nation-states are placed in hierarchical and centre-periphery relations. This paper focuses on the global field of international student mobility (ISM) and investigates China's place in the field using an analytical framework consisting of three key categories of…

The question of whether economic globalization promotes or depresses governments' education spending has attracted social scientists' attention for decades. Existing literature presents an interesting contrast between two theoretical scenarios, namely race to the top and race to the bottom. This paper attempts to adapt the debate to the…

Public schooling in the 19th century cultivated in students a shared sense of identity as citizens with a common culture. However, posits David Labaree, U.S. schools are less effective than they used to be at serving this purpose, making their value to the nation-state open to questioning. Labaree considers three common functions that public…

Most public colleges and universities rely heavily on state financial support. As state budgets have tightened in recent decades, appropriations for higher education have declined substantially. Despite concerns expressed by policymakers and scholars that the declines in state support have reduced the return to education investment for public…

Drawing boundaries in federal systems is often a practical and constitutional challenge for public finance and the delivery of higher education. This paper studies arrangements between national and provincial governments as they affect post-secondary performance in Canada. The study investigates several categories of interaction between levels of…

This purpose of this essay is to start a conversation about expanding the focus in education finance to more comprehensively include the problems of educational inheritance and generational tradeoffs as central to education for generational succession. It is based on both long-term personal experience both as a professor, and as school board…

Access is key to achieving an educated citizenry and maximizing human capital. It is equally important to ask "access to what?" While most of the world catches up to American higher education, the U.S. is in the midst of a shakeout of traditional residential colleges and universities. The question is not whether the status quo should be…

The role of human capital development in the era of globalization, knowledge-based economy, and technological development cannot be underestimated. This is mainly attached to the creative and adaptive capacity of human capital (HC) in bringing multidimensional changes and developments for the individual, organization, and the country at large.…

At a time when the Mexican and United States governments are looking for an opportunity to diversify the bilateral agenda and strengthen the economic relationship, there is an urgent need to focus on the long term challenges of competitiveness and human capital in the region. Questions of infrastructure, standards, border procedures and energy are…