Human capital production is central to economic wellbeing from a national perspective: it improves productivity, spurs technological innovation, and promotes sustainable economic growth over time. Equally important, investments in human capital are central to economic wellbeing at the individual level. College graduates tend to earn more money,…

There are many aspects of the "economics of education" that would make excellent examples for introductory economics students. The author presents two topics that are central to the economics of education and to human capital theory: the economic benefit (or "returns") to schooling and educational attainment as an investment.…

Nearly 7 years into the recovery from the Great Recession, two glaring problems remain in the U.S. economy. One is a significant slowdown in the growth of productivity (the amount of output and income generated in an average hour of work). The other is the destructive rise in income inequality in recent decades due largely to big corporations and…

The Every Students Succeeds Act (ESSA) provided states with newfound flexibility on accountability measures and school improvement strategies. Many policy experts have analyzed states' ESSA plans, which explain how states use their federal funds under various provisions of the new law, as well as the approaches states take to identify and rate…

Created by the U.S. Congress in 2006, the Teacher Incentive Fund (TIF) represents the first federal initiative targeted directly at state and district efforts to introduce performance measures into educator compensation. TIF responds to a growing body of evidence that existing pay structures do not respond to labor force realities or adequately…

Access to higher education in the United States is increasingly on the public policy agenda as funding constraints affect the realization of college attendance for many middle and low-income students. We use the Pell Grant as a proxy for low-income participation, and the percent of undergraduate students receiving a Pell Grant (Pell Prevalence…

"Benchmarking 2010" offers insights into the current priorities, practices and concerns of education grantmakers. The report is divided into five sections: (1) Mapping the Education Grantmaking Landscape; (2) 2010 Funding Priorities; (3) Strategies for Leveraging Greater Impact; (4) Identifying Significant Trends in Education Funding; and (5)…

Student aid policy around the developed world depends to varying degrees on the idea that the cost of post-secondary education needs to be subsidized. Despite the fact that governments around the world are spending hundreds of billions of dollars to support and widen participation in higher education, policymakers pay surprisingly little attention…

The Hungarian government has recently been focusing on innovation policy as part of a wider campaign to improve the business environment. This paper first underscores the importance of a good general business climate in encouraging both formal and informal R&D activity as well as ensuring Hungary benefits from the international diffusion of…

The signing of the Higher Education Act (HEA) in 1965 by President Lyndon Johnson marked the beginning of the federal government's explicit commitment to equalizing college opportunities for needy students. Since then, however, two trends have developed which are running at cross purposes to each other. The first is the emergence, shortly after…