In an important contribution to educational policy, Daniele Checchi offers an economic perspective on the demand and supply of education. He explores the reasons why, beyond a certain point, investment in education has not resulted in reductions in social inequalities. Starting with the seminal work of Gary Becker, Checchi provides an extensive survey of the literature on human capital and social capital formation. He draws on individual data on intergenerational transmission of income and education for the USA, Germany and Italy, as well as aggregate data on income and educational inequality for a much wider range of countries. Checchi explores whether resources spent in education are effective in raising students' achievement, as well as analysing alternative ways of financing education. The Economics of Education thus provides the analytical tools necessary to understand the complex relationships between current income inequality, access to education and future inequality.
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(228mm x 152mm x 17mm)
Cambridge University Press
Publisher: Cambridge University Press
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Author Biography - Daniele Checchi
Daniele Checchi is Professor of Economics at the University of Milan. He has published books on income inequality and the economics of education, and articles in refereed journals on the intergenerational mobility of incomes and labour market institutions.