ECONOMICS OF EDUCATION - A RESEARCH AGENDA

The paper presents a systematic taxonomy of research areas in the econ omics of education and gives a number of key topics that deserve more research attention in the future, Emphasis is put on documenting the u nit cost of education at different schooling levels and curriculum typ es, along with the learning and earning outcomes of education. Evidenc e on the costs and benefits, from both the private and the social poin t of view, can lead to efficiency and equity assessments of an educati onal system. Among topics where the research effort should be intensif ied are the screening hypothesis, measuring education externalities an d the quality of schooling. Copyright (C) 1996 Elsevier Science Ltd