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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 ...
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.
The Education Index is a component of the Human Development Index (HDI) published every year by the United Nations Development Programme. Alongside the economical indicators ( GDP ) and Life Expectancy Index , it helps measure the educational attainment .
Women's education is one of the major explanatory variables behind the rates of social and economic development, [1] and has been shown to have a positive correlation with both. [ 2 ] [ 3 ] According to notable economist Lawrence Summers , "investment in the education of girls may well be the highest-return investment available in the ...
A quotation of Engel himself reveals the same relationship between income and percentage of income spent on food, but also indicates the application of Engel's Law in measuring standard of living: The poorer is a family, the greater is the proportion of the total outgo [family expenditures] which must be used for food. ...
There is generally an inverse correlation between income and the total fertility rate within and between nations. [ 3 ] [ 4 ] The higher the degree of education and GDP per capita of a human population, subpopulation or social stratum , the fewer children are born in any developed country. [ 5 ]
Additionally, education is an important tool in the transmission of core values. The core values in education reflect on the economic and political systems that originally fueled education. One of the most important core value that is transmitted through the education system is individualism, the principle of being independent and self-reliant.
How strongly economic and social mobility are related depends on the strength of the intergenerational relationship between class and income of parents and kids, and "the covariance between parents' and children's class position". [28] Economic and social mobility can also be thought of as following the Great Gatsby curve. This curve ...