Handbook of the Economics of Education

Edited by

  • Eric A Hanushek, 3 Stanford University, Stanford, CA, USA
  • Stephen Machin, University College London and London School of Economics, UK
  • Ludger Woessmann, Ifo Institute for Economic Research at the University of Munich, Germany 1

How does education affect economic and social outcomes, and how can it inform public policy? Volume 3 of the Handbooks in the Economics of Education uses newly available high quality data from around the world to address these and other core questions.  With the help of new methodological approaches, contributors cover econometric methods and international test score data.  They examine the determinants of educational outcomes and issues surrounding teacher salaries and licensure.  And reflecting government demands for more evidence-based policies, they take new looks at institutional feaures of school systems.  Volume editors Eric A. Hanushek (Stanford), Stephen Machin (University College London) and Ludger Woessmann (Ifo Institute for Economic Research, Munich) draw clear lines between newly emerging research on the economics of education and prior work.  In conjunction with Volume 4, they measure our current understanding of educational acquisition and its economic and social effects. 
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Book information

  • Published: November 2010
  • Imprint: NORTH-HOLLAND
  • ISBN: 978-0-444-53429-3


The Handbook chapters are incisive.  Each one successfully organizes an extensive literature around its core motivations, methodological concerns, and empirical results.  In addition to their concise reviews of existing work, they point the way for new research.

William Collins, Vanderbilt University


This Handbook volume offers a lot. Empirical investigators will especially benefits from its broad and insightful review of the methods used to identify and estimate the returns to education and the effects of school and teacher quality on student outcomes and house prices.

Franco Peracchi, Tor Vergata University

Table of Contents

Econometric Methods for Research in Education
    Costas Meghir, Steven Rivkin

The Economics of International Differences in Educational Achievement
    Eric A. Hanushek, Ludger Woessmann

Education and Family Background: Mechanisms and Policies
    Anders Bjorklund, Kjell Salvanes

Peer Effects In Education: How Might They Work, How Big Are They and How Much Do We Know Thus Far?      
    Bruce Sacerdote

Teacher Compensation and Collective Bargaining
    Michael Podgursky

Licensure: Exploring the Value of this Gateway to the Teacher Workforce
    Dan Goldhaber

The Economics of Tracking in Education
    Julian R. Betts

School Accountability
    David Figlio, Susanna Loeb

James Heckman, John Eric Humphries, Nicholas Mader

Housing Valuations of School Performance
    Sandra Black, Steven Machin

    Stefan C. Wolter, Paul Ryan