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Garicano, Luis; Rossi-Hansberg, Esteban – Annual Review of Economics, 2015
Incorporating the decision of how to organize the acquisition, use, and communication of knowledge into economic models is essential to understand a wide variety of economic phenomena. We survey the literature that has used knowledge-based hierarchies to study issues such as the evolution of wage inequality, the growth and productivity of firms,…
Descriptors: Economics, Vertical Organization, Models, Salary Wage Differentials
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Jackson, C. Kirabo; Rockoff, Jonah E.; Staiger, Douglas O. – Annual Review of Economics, 2014
The emergence of large longitudinal data sets linking students to teachers has led to rapid growth in the study of teacher effects on student outcomes by economists over the past decade. One large literature has documented wide variation in teacher effectiveness that is not well explained by observable student or teacher characteristics. A second…
Descriptors: Teacher Influence, Economic Factors, Outcomes of Education, Teacher Effectiveness
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Hastings, Justine S.; Madrian, Brigitte C.; Skimmyhorn, William L. – Annual Review of Economics, 2013
In this article, we review the literature on financial literacy, financial education, and consumer financial outcomes. We consider how financial literacy is measured in the current literature and examine how well the existing literature addresses whether financial education improves financial literacy or personal financial outcomes. We discuss the…
Descriptors: Literature Reviews, Knowledge Level, Costs, Money Management
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Epple, Dennis; Romano, Richard – Annual Review of Economics, 2012
The analysis of educational vouchers has evolved from market-based analogies to models that incorporate distinctive features of the educational environment. These distinctive features include peer effects, scope for private school pricing and admissions based on student characteristics, the linkage of household residential and school choices in…
Descriptors: Educational Vouchers, Economic Factors, Educational Environment, Private Schools
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Altonji, Joseph G.; Blom, Erica; Meghir, Costas – Annual Review of Economics, 2012
Motivated by the large differences in labor market outcomes across college majors, we survey the literature on the demand for and return to high school and postsecondary education by field of study. We combine elements from several papers to provide a dynamic model of education and occupation choice that stresses the roles of the specificity of…
Descriptors: Human Capital, Labor Market, Outcomes of Education, Majors (Students)
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Hanushek, Eric A.; Rivkin, Steven G. – Annual Review of Economics, 2012
It has become commonplace to measure teacher quality in terms of teacher value-added. Operationally, this means evaluating teachers according to the learning gains of students on various achievement tests. Existing research consistently shows large variations in teacher effectiveness, much of which is within schools as opposed to between schools.…
Descriptors: Teacher Qualifications, Teacher Competencies, Teacher Effectiveness, Teacher Influence
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Lochner, Lance; Monge-Naranjo, Alexander – Annual Review of Economics, 2012
We review studies of the impact of credit constraints on the accumulation of human capital. Evidence suggests that credit constraints have recently become important for schooling and other aspects of households' behavior. We highlight the importance of early childhood investments, as their response largely determines the impact of credit…
Descriptors: Human Capital, Credit (Finance), Economic Impact, Evidence
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Pathak, Parag A. – Annual Review of Economics, 2011
The mechanism design approach to student assignment involves the theoretical, empirical, and experimental study of systems used to allocate students into schools around the world. Recent practical experience designing systems for student assignment has raised new theoretical questions for the theory of matching and assignment. This article reviews…
Descriptors: Economics, Literature Reviews, Student Placement, Theories
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Kremer, Michael; Holla, Alaka – Annual Review of Economics, 2009
Across a range of contexts, reductions in education costs and provision of subsidies can boost school participation, often dramatically. Decisions to attend school seem subject to peer effects and time-inconsistent preferences. Merit scholarships, school health programs, and information about returns to education can all cost-effectively spur…
Descriptors: Developing Nations, Educational Improvement, Educational Practices, Educational Change
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Rouse, Cecilia Elena; Barrow, Lisa – Annual Review of Economics, 2009
In this article, we review the empirical evidence on the impact of education vouchers on student achievement and briefly discuss the evidence from other forms of school choice. The best research to date finds relatively small achievement gains for students offered education vouchers, most of which are not statistically different from zero.…
Descriptors: Evidence, Educational Vouchers, Academic Achievement, School Choice