Economics

Economics of Education. A Selected Annotated Bibliography by M. Blaug, G. Chandler

By M. Blaug, G. Chandler

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DAVID, " Social and Economic Determinants of the Demand for Education ", EHE, pp. 21-43. A nation-wide probability sample of spending units in the USA in 1960 yields the firmest evidence we yet have of the intergeneration effect in the demand for education: children of more educated parents attain more than average education, even after allowing for the better economic situation of the family. 129 R. C. BUTZ, "The Nation's Educational Outlay", EHE, pp. 147-73, 390-404. A new estimate for the USA, 1955-58, including commercial vocational schools, and formal training for the military.

Gross, " T h e Administration of Public Schools ", ch. 2, p p . 2 3 - 5 0 , and G. S. Benson, " State Aid Patterns ", ch. 9, pp. 2 0 5 - 3 6 . T h e author contributes an introductory chapter on " T h e Economics of School Finance " and a closing chapter on " Patterns for Resource Mobilization ". T h e total effect of the volume is, despite efforts to the contrary, somewhat lopsided. T H E ECONOMIC ASPECTS OF EDUCATION 39 1 6 0 W . Z . HIRSCH, " Fiscal Impact of Industrialization on Local Schools RES, May, 1 9 6 4 , pp.

Princeton, N. J. : Princeton University Press, 1964, Pp. 187. This magnum opus, incorporating and extending earlier studies by the author (see^65, 76), develops a general theory of h u m a n capital formation and applies it to such diverse phenomena as interpersonal, interracial and interregional differences in earnings, the shape of age-earnings and a g e - w e a l t h profiles, and the rates of return from high school and college education in 1939 and 1949, corrected for variations in native ability and h o m e environment.

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