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Education economics or the economics of education is the study of economic issues relating to education, including the demand for education, the financing and provision of education, and the comparative efficiency of various educational programs and policies. From early works on the relationship between schooling and labor market outcomes for ...
Increases in the amount of female education in regions tends to correlate with high levels of development. Some of the effects are related to economic development. Women's education increases the income of women and leads to growth in GDP. Other effects are related to social development. Educating girls leads to a number of social benefits ...
Public education is widely regarded as a long-term investment that benefits society as a whole, with primary education showing particularly high rates of return. [78] Additionally, besides bolstering economic prosperity, education contributes to technological and scientific advancements, reduces unemployment, and promotes social equity. [79]
This list shows the government spending on education of various countries and subnational areas by percent (%) of GDP (1989–2022). It does not include private expenditure on education. It does not include private expenditure on education.
Consequently, inequality lowers average education and hampers economic growth. [22] Also, in countries with a high burden of this kind, a reduction in fertility can hamper economic growth as well as the other way around. [23] Richer countries have a lower fertility rate than poorer ones, and high income families have fewer kids than low-income ...
Effects of democracy on economic growth and effect of economic growth on democracy can be distinguished. While evidence of a relationship is irrefutable, [ 81 ] economists' and historians' opinions of its exact nature have been sharply split, hence the latter has been the subject of many debates and studies.
The tax cuts have been called the "Kansas experiment", [50] and was described by the Brookings Institution as "one of the cleanest experiments for how tax cuts affect economic growth in the U.S." [58] Brownback compared his tax cut policies with those of Ronald Reagan, but also described them as "a real live experiment ...
The sociology of education is the study of how public institutions and individual experiences affect education and its outcomes. It is mostly concerned with the public schooling systems of modern industrial societies, including the expansion of higher , further , adult , and continuing education.