This book develops a new approach for measuring the social benefits of education and finding more cost-effective policies.

Part I: Introduction; 1. Measuring the Returns to Education; Part II: Economic Growth; 2. Human Capital, Endogenous Growth Models, and Economic Development; 3. Education and Growth in East Asia; 4. Education and Growth in Latin America; 5. Africa's Population Growth and Dilution of Human Capital (with Ali Arifa); Part III: Measuring the Non-Monetary Benefits; 6. Health and Net Population Growth; 7. Democracy, Human Rights, and Political Stability; 8. Poverty and Inequality; 9. The Environment; 10. Education and Crime; Part IV: The Complete Model: Education and Economic Development; 11. Tracing the Impacts of Education on Development: A Summary; 12. Measuring the Total Social Benefits of Education: The Complete Model; 13. Separating and Valuing the Direct and Indirect Effects of Education; 14. Summary of Conclusions: Measuring the Social Benefits, Convergence, and Policy Dialogue

Measuring the Social Benefits Walter W. McMahon, University of Illinois

`Review from previous edition a valuable, ambitious volume.' R.M. Whaples, CHOICE, Nov.00, Vol.38, No.3. |d 13/02/2001