How does education affect economic and social outcomes, and how can it inform public policy? Volume 3 of theHandbooks in the Economics of Education uses newly available high quality data from around the world to address these and other core questions. With the help ofnew methodological approaches,contributors cover econometric methods and international test score data. They examine the determinants of educational outcomes andissues surrounding teacher salaries and licensure. And reflecting government demandsfor more evidence-based policies, they take new looks at institutional feaures of school systems. Volumeeditors Eric A. Hanushek(Stanford),Stephen Machin (University College London) and Ludger Woessmann (Ifo Institute for Economic Research, Munich) draw clear lines between newly emergingresearch on the economics of education and prior work. In conjunction with Volume 4, theymeasureour current understanding of educationalacquisition and its economic and socialeffects.

Uses rich data to study issues of high contemporary policy relevance

Demonstrates how education serves as an importantdeterminant of economic and social outcomes

Benefits fromthe globalization of research in the economics of education