The Changing Economics of Education

  • Z. Griliches


We are currently at the end of a long historical boom in education as a high-growth and a high-payoff industry. We are also at a point at which the views of economists about education may be changing and are subject to significant intellectual attacks. It may be worthwhile therefore to review briefly from whence we have come and where we might be going.


Human Capital Technical Change High Educational Institution Standard Psychological Test Educate Labour Force 
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© Michael Allingham and M. L. Burstein 1976

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  • Z. Griliches

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