Education and Development

This series addresses the relation of education to knowledge-based growth and broader measures of development beyond growth, central features of the modern world in which education has a central role. This role includes the effects of education on pure economic growth including it’s effects on the creation, adaptation, and dissemination of new ideas. Beyond this, the series presents pivotal research on the contribution of education to the many non-market private and social benefits beyond earnings. These non-market benefits largely define individuals’ life chances and are, for a society, standard indicators of development. Education readers will be able to easily access the most recent and key research defining education’s role in earnings, in growth, and in the flow of new ideas, all in volume one. The contributions of education to development outcomes beyond earnings, both private and social, are addressed in volume two. The introductions to the series and to each volume place this in a coherent framework. Education dynamics and short and long term ‘endogenous development’ are defined and explored in volume three, and finance and policy in volume four. The views of skeptics about education’s effects are considered. It is also explained how the controls they use can eliminate education’s effects through technical change, on broader development beyond GDP, and can focus only on smaller short term education outcomes. Economists in development, growth, and in the economics of education should be especially interested in this series, which is cross listed in economics, because of the new insights into ‘education dynamics’ in volume three. This includes the short term dynamics of endogenous development involving estimates of difference equations and of five to thrirty-five year education outcomes that build up with time. Volume three also addresses the long run dynamics of optimal growth and optimal development. Other new aspects include the contributions of education to new ideas improving non-market development outcomes and through indirect effects that feed back and enhance growth. This chips away at the mystery of unexplained ‘technical change’ and also helps explain why static models do not always find education significant to growth, external benefits, or development. For policy, financing criteria need to consider education’s effects on earnings but also on non-market development outcomes beyond earnings, or overall efficiency and equity. The pivotal articles addressing these important issues are presented in this series together with explanatory transition articles and introductions that put them in a readable and coherent context.

Volume I: Education and Growth Introduction, Walter W. McMahon, ‘Education and Development’ Introduction to volume I. Investment in Human Capital and Development 1. T. W. Schultz, ‘Investment in Human Capital’, American Economic Review, 1961, LI, 1, 1–17. 2. Richard A. Easterlin, ‘Why isn’t the Whole World Developed’, Journal of Economic History, 1981, 41, 1, 1–19. Education, Endogenous Growth, and Neo-Classical Growth with Human Capital 3. Paul M. Romer, ‘The Origins of Endogenous Growth’, Journal of Economic Perspectives, 1994, 8, 1, 3–22. 4. Robert E. Lucas, ‘On the Mechanics of Economic Development’, Journal of Monetary Economics, 1988, 22, 3–42. 5. Paul M. Romer, ‘Endogenous Technical Change’, Journal of Political Economy, 1990, 98, S71–S102. 6. Gregory Mankiw, David Romer, and David Weil, ‘A Contribution to the Empirics of Economic Growth’, Quarterly Journal of Economics, 1992, 107, 2, 407–37. 7. Robert J. Barro, ‘Human Capital and Growth’, American Economic Review, 2001, 91, 2, 12–17. New Ideas Embodied in Human Capital Leading to Growth 8. Robert E. Lucas, Jr., ‘Ideas and Growth’, Economica, 2009, 76, 301, 1–19. 9. Walter W. McMahon, review of Zvi Griliches, R&D, Education, and Productivity: A Retrospective (2000), Economics of Education Review, 2002, 21, 397–8. Education and Growth: Empirical Evidence from Dynamic Growth Equations 10.Robert Barro, ‘Economic Growth in a Cross Section of Countries’, Quarterly Journal of Economics, 1991, 106, 2, 407–43. 11. Katarina R. I. Keller, ‘Investment in Primary, Secondary, and Higher Education and the Effects on Economic Growth’, Contemporary Economic Policy, 2006, 24, 1, 18–34. 12. Walter W. McMahon, ‘Education and Growth in East Asia’, Economics of Education Review, 1998, 17, 2, 159–72. 13. Katarina R. I. Keller, ‘Education Expansion, Expenditures Per Student and the Effects on Growth in Asia’, Global Economic Review, 2006, 35, 1, 21–42. 14. Walter W. McMahon, ‘Education and Growth in Latin America’, Education and Development: Measuring the Social Benefits (Oxford University Press, 2002), pp. 52–67. Education and Earnings: Empirical Evidence from Micro Data 15 George Psacharopoulos and Harry A. Patrinos, ‘Human Capital and Rates of Return’, in Geraint Johnes and Jill Johnes (eds.), International Handbook of the Economics of Education (Edward Elgar, 2004), pp. 1–32. 16. Esther Duflo, ‘Schooling and Labor Market Consequences of School Construction in Indonesia: Evidence from an Unusual Policy Experiment’, American Economic Review, 2001, 91, 4, 795–813. 17. Omer Arias and Walter McMahon, ‘Dynamic Rates of Return to Education in the U. S.’, Economics of Education Review, 20, 2001, 121-138. 18. James J. Heckman, Lance Lochner, and Petra Todd, ‘Earnings Functions, Rates of Return, and Treatment Effects: The Mincer Equation and Beyond’, (excerpt) in Eric Hanushek and Finis Welch (eds), Handbook of the Economics of Education, Volume 1, (Elsevier, 2006), pp. 307-42, 445-458. 19. Walter W. McMahon, ‘Higher Education and Economic Growth: Jobs, Earnings, and the Skill Deficit’, Higher Learning, Greater Good: The Private and Social Benefits of Higher Education (Johns Hopkins University Press, 2009), pp. 69–117. Quality versus Quantity of Schooling for Development 20. Jere R. Behrman, David R. Ross, and Richard Sabot, ‘Improving Quality versus Increasing the Quantity of Schooling: Estimates of the Rates of Return from Rural Pakistan’, Journal of Development Economics, 2008, 85, 1–2, 94–104. ‘Ability Bias’ in Returns to Education 21. Cecilia E. Rouse, ‘Further Estimates of the Economic Return to Schooling from a New Sample of Identical Twins’, Economics of Education Review, 1999, 18, 2, 149–57. 22. Jere R. Behrman and M. R. Rosenzweig, ‘Ability Bias in Schooling Returns and Twins: A Test and New Estimates’, Economics of Education Review, 1999, 18, 2, 159–67. Other Sources of Development 23. Adrian Wood, ‘Making Globalization Work for the Poor’, Journal of International Development, 2004, 16, 933–7. 24. Torsten Persson and G. Tabellini, ‘Democracy and Development: The Devil in the Details’, American Economic Review, 2006, 96, 319–24. Volume II: Education and Development Outcomes Beyond Growth Introduction to volume II Theory, Measurement, and Valuation of Development Outcomes 25. Gary Becker, ‘A Theory of the Allocation of Time’, Economic Journal, 1965, LXXV, 299, 493–517. 26. Robert Haveman and Barbara Wolfe, ‘Schooling and Economic Well-Being: The Role of Non-Market Effects’, Journal of Human Resources, 1984, XIX, 3, 377–407. The Private Non-Market Benefits of Education Education, Own Health, Spousal Health, Child Health and Longevity 27. P. Muennig, ‘Education and Health’, in Dominic J. Brewer and Patrick J. McEwan (eds.), Economics of Education (Academic Press, 2010), pp. 80–8. 28. Michael Grossman, ‘Education and Non-Market Outcomes’, in Eric Hanushek and Finis Welch (eds.), Handbook of the Economics of Education, Vol. 1 (Elsevier-North Holland, 2006), pp. 578–633. Child Cognitive Development 29. Richard Murnane, ‘New Evidence on the Relationship Between Mother’s Education and Children’s Cognitive Skills’, Economics of Education Review, 1981, 1, 2, 245–52. Happiness 30. Richard Layard, ‘So What Does Make Us Happy?’, Happiness: Lessons From a New Science (Penguin Press, 2005), pp. 55–75. The Social Benefits of Education What Are Education Externalities? An Overview 31. Walter W. McMahon, ‘The External Benefits of Education’, in D. J. Brewer and Patrick J. McEwan (eds.), The Economics of Education (Elsevier, 2010). Democracy, Human Rights, and Political Stability 32. Robert J. Barro, ‘Determinants of Democracy’, Journal of Political Economy, 1999, 107, 6, S158–S183. 33. Edward L. Glaeser et al., ‘Do Institutions Cause Growth?’, Journal of Economic Growth, 2004, 9, 3, 271–303. 34. Thomas S. Dee, ‘Education and Civic Engagement’, in Dominic J. Brewer and Patrick J. McEwan (eds.), Economics of Education (Academic Press, 2010), pp. 89–92. Investment in Physical Capital 35. Moses O. Oketch, ‘Determinants of Human Capital Formation and Economic Growth of African Countries’, Economics of Education Review, 2006, 25, 554–64. Fertility and Net Population Growth, Life Expectancy 36. Walter W. McMahon, ‘ Health and Net Population Growth’, Education and Development: Measuring the Social Benefits (Oxford University Press, 2002), pp. 81–91. Inequality and Literacy 37. J. Blanden and S. Machin, ‘Education and Inequality’, in Dominic J. Brewer and Patrick J. McEwan (eds.), Economics of Education (Academic Press, 2010), pp. 89–92. Crime 38. Lance Lochner, ‘Education and Crime’, in Dominic J. Brewer and Patrick J. McEwan (eds.), Economics of Education (Academic Press, 2010), pp. 93–8. Lower State Public Health, Welfare, and Prison Costs, and Additional Tax Revenue 39. Hank Levin, ‘The Social Costs of Inadequate Education’(a summary by the symposium chair) (Teachers College, Columbia University, 2005), pp. 1–22. Social Capital 40. John F. Helliwell and Robert D. Putnam, ‘Education and Social Capital’, Eastern Economic Journal, 2007, 33, 1, 1–19. The Complete Model: Measuring Total Social Benefits of Education 41. Walter W. McMahon, ‘Measuring the Total Social Benefits of Education: The Complete Model’, Education and Development: Measuring the Social Benefits (Oxford University Press, 2002), pp. 179–226. The Sceptics 42. Daron Acemoglu et al., ‘From Education to Democracy?’, American Economic Review, 2005, 95, 2, 44–9. Volume III: The Dynamics of Education and Development Introduction to Volume III Explaining the Residual: Human Capital and the Diffusion of Technology 43. R. R. Nelson and E.S. Phelps, ‘Investment in Humans, Technological Diffusion, and Economic Growth’, American Economic Review, 1966, 56, 1, 2, 69–75. 44. Hans-Jurgen Engelbrecht, ‘Human Capital and Economic Growth: Cross Section Evidence for OECD Countries’, Economic Record, 2003, 79, S40–S51. 45. Jess Benhabib and Mark M. Spiegel, ‘Human Capital and Technology