The Economics of Education

1. Front Matter

   Pages I-XI

   PDF

2. Basic Facts and the Purposes of This Book

   • Kazuhiro Arai

   Pages 1-10

3. College-Going Behavior as Investment in Human Capital

   • Kazuhiro Arai

   Pages 11-45

4. College-Going Behavior as Signaling

   • Kazuhiro Arai

   Pages 47-73

5. An Application of the Internal-Rate-of-Return Method: Rates of Return to Medical and Dental Education

   • Kazuhiro Arai

   Pages 75-94

6. Causes of Changes in the Enrollment Rate

   • Kazuhiro Arai

   Pages 95-119

7. Individual Attributes and College-Going Behavior

   • Kazuhiro Arai

   Pages 121-150

8. The Purpose and Function of Higher Education

   • Kazuhiro Arai

   Pages 151-164

9. Back Matter

   Pages 165-201

   PDF

The aim of this book is to answer from an economics viewpoint such questions as why some people go to college while others do not, and why the percentages of different types of students going to college have changed so dramatically throughout the world over the past few decades. The information contained is up-to-date, but the contents will be accessible even to those without a major in economics. The author makes many original contributions to the field of economics of education, in particular by giving serious consideration to cases of capital market imperfection. The book is written so that the reader can gain a multi-dimensional and comprehensive understanding of major issues related to college-going behavior. While specialists of this field will find it indispensable, economics students up to postgraduate level can use this volume as a textbook on the economics of education or on applied microeconomics.

• behavior
• capital
• capital market
• economics of education
• education
• higher education
• information
• microeconomics

• Hitotsubashi University, Kunitachi, Tokyo, Japan

  Kazuhiro Arai

Policies and ethics