{"product_id":"schooling-and-the-quality-of-human-capital-von-ludger-wossmann","title":"Schooling and the Quality of Human Capital","description":"This book presents a thorough economic analysis of both the determinants and the consequences of international differences in schooling quality. It is shown that cross-country differences in quality-adjusted human capital can account for a substantial part of the international variation in economic development. However, large increases in per-student spending over recent decades were not matched by increases in student achievement in most countries. In a simple principal-agent model, the book stresses the importance of institutional features of the schooling system such as central examinations, school autonomy, and private-sector competition. Microeconometric estimations based on data for more than a quarter of a million students reveal that international differences in these institutions, rather than differences in resources, can explain the large international differences in schooling quality.\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783662425862\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783662425862","offer_id":39435776327773,"sku":"9783662425862","price":53.49,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/058b03de-ffbb-413e-b813-7d002615d4d3.jpg?v=1775712234","url":"https:\/\/shop.autorenwelt.de\/products\/schooling-and-the-quality-of-human-capital-von-ludger-wossmann","provider":"Autorenwelt Shop","version":"1.0","type":"link"}