Recent Developments in the Economics of Education Book

	Acknowledgements
	Introduction
1	Excellence and Equity in Higher Education	3
2	The Economics of Justice in Education	11
3	Optimal Investment in Human Capital Under Conditions of Nonstable Population	30
4	The Demand for Education Under Capital Market Imperfections	51
5	Subsidies for Higher Education	67
6	Endogenous Growth with Public Education	83
7	Higher Education and Progressive Taxation: Equity, Efficiency and Majority Voting	88
8	Educational Subsidies When Relative Income Matters	102
9	Externalities from Education	115
10	Real Effects of Academic Research	139
11	Schooling and Economic Well-Being: The Role of Nonmarket Effects	153
12	The Consumption Value of Schooling: An Empirical Estimate of One Aspect	184
13	Does Student Aid Affect College Enrollment? New Evidence on a Persistent Controversy	196
14	Foregone Earnings of College Students in the U.S., 1970 and 1979: A Microanalytic Approach	206
15	Public Schools and Excess Burdens	223
16	Politics, Markets, and the Organization of Schools	234
17	The Economics of Educational Choice	257
18	Economies of Scale in Higher Education: Sixty Years of Research	281
19	Cost Analysis for Educational Policymaking: A Review of Cost Studies in Education in Developing Countries	309
20	The Structure of Educational Costs: Multiproduct Cost Functions for Primary and Secondary Schools in Latin America	359
21	Institutions of Higher Education as Multi-Product Firms: Economies of Scale and Scope	374
22	The Cost Structure of American Research Universities	381
23	The Simple Economics of Research Portfolios	389
24	Relative Returns to Human and Physical Capital in the U.S. and Efficient Investment Strategies	407
25	The Structure of Wages	421
26	"Overeducation" in the Labor Market	463
27	The Impact of Surplus Schooling on Worker Productivity	485
28	Staying on in Full-Time Education: The Educational Participation Rate of 16-year-olds	505
29	Does School Quality Matter? Returns to Education and the Characteristics of Public Schools in the United States	519
30	Is the Test Score Decline Responsible for the Productivity Growth Decline?	559
31	The Economics of UK Teacher Supply: The Graduate's Decision	581
32	The Effects of Salaries and Opportunity Costs on Length of Stay in Teaching: Evidence from North Carolina	595
33	Faculty Turnover at American Colleges and Universities: Analyses of AAUP Data	614
34	Incentives in Academics: Why Is There Tenure?	626
	Name Index	647