Incollection,

The Economics and Finance of Higher Education

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International Encyclopedia of Education, Elsevier, Oxford, (2010)

Abstract

The economics of higher education is dominated by studies of the economic impact of higher education on people's earnings and the economy. The literature is consistent with respect to the positive impact of higher education on individuals' earnings. However, there is continued debate regarding links to economic or productivity growth, and how far the positive impact of education, for individuals, is a result of sorting and signaling rather than returns to skills. Other areas of importance relate to the efficiency of higher education institutions, economic theories of organization and of information, and university financing.

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