Participation in higher education has never been greater, and governments around the world continue to invest huge sums of money in the sector, not least to encourage even more enrolment. Meanwhile, many countries are moving away from centralized, taxpayer-funded systems to more ‘marketized’ models. For these and other reasons, the intersection of economics and higher education has never been more apparent. Increasingly, economic principles are applied to analyses of education and education policy, as scholars and policymakers grapple with difficult questions, such as: how should the costs of higher education be shared between stakeholders? What are the ‘drivers’ of inequality in higher-education participation? And what is the appropriate role for government?
Table of Contents
The Economics of Higher Education: Major Themes in Education
Edited by Gillian Wyness
Section 1: The Economics of HE
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Section 2: Returns to HE: Empirical Evidence
Heterogeneity of returns
Section 3. Who Goes to College: Scio-economic and Other Gaps in Participation
Information and Education Decisions
Section 4. Who does Well in College?
The Higher Education Production Function
Dropout and Performance
Section 5. Financial Aid and Higher Education
Impact on Participation
Financial Aid Policies – Impact on Attainment
Dr Gillian Wyness is Senior Lecturer in Economics of Education at the UCL Institute of Education, and a Research Associate at the Centre for Economic Performance at LSE.