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Edited by Geraint Johnes, Jill Johnes, Tommaso Agasisti and Laura López-Torres
Geraint Johnes, Jill Johnes and Laura López-Torres
The evaluation of the returns to investments in human capital has been at the core of the economics of education since the seminal work of Theodore Schultz published in 1961. The most significant methodological advances have come in parallel with more general developments in applied microeconometrics, such as the particular interest in issues of causality and unobserved heterogeneity. The new empirical findings document a widespread decline in rates of return to education over time. In this chapter we review some developments and present new international comparative results on the heterogeneity of returns to education. Apart from reviewing endogeneity and heterogeneity issues, we also pay attention to the main findings on return to early years education and returns to overeducation.
Establishing and Sustaining a Successful Career in the Social Sciences, Arts and Humanities
Edited by W. J. Morgan, Qing Gu and Fengliang Li
Muchu Zhang and Ruth Hayhoe
The chapter provides a detailed historical analysis of the cultural and global influences on the modernization of China’s basic education, higher education and teacher education. It concludes that Chinese education has grown from its cultural roots, and should explain the educational dimensions of the Confucian heritage to a world that has become increasingly interested in its language, culture and society.