Economic considerations in education policy making: A simplified framework

International Journal of Educational Management

Volumn 16, Issue 1, 2002, Pages 18-39

  Cheng, Yin Cheong ^a   Ng, Kwok Hung ^a   Mok, Magdalena Mo Ching ^a  

^a THE EDUCATION UNIVERSITY OF HONG KONG   (Hong Kong)

Author keywords

Economics; Education; Policy

Indexed keywords

EID: 28644439500     PISSN: 0951354X     EISSN: None     Source Type: Journal    
DOI: 10.1108/09513540210415514     Document Type: Article

References (107)

1. Arkes, J. (1999), "What do educational credentials signal and why do employers value credentials?", Economics of Education Review, Vol. 18 No. 1, pp. 133-41.
2. Beare, H. and Slaughter, R. (1993), Education for the Twenty-first Century, Routledge, London.
3. Behrman, J.R. and Stacey, N. (Eds) (1997), The Social Benefits of Education, The University of Michigan Press, Ann Arbor, MI.
4. Betts, J.R. and Shkolnik, J.L. (1999), "The effects of ability grouping on student achievement and resource allocation in secondary schools", Economics of Education Review, Vol. 19 No. 1, pp. 1-15.
5. Blackledge, D. and Hunt, B. (1985), Sociological Interpretations of Education, Croom Helm, Sydney.
6. Boli, J., Ramirez, F.O. and Meyer, J.W. (1986), "Explaining the origins and expansion of mass education", New Approaches to Comparative Education, Chicago, IL.
7. Bowman, M.J. (1991), "Educational inequalities and opportunity in economic perspective", Oxford Review of Education, Vol. 17 No. 2, pp. 189-209.
8. Burton-Jones, A. (1999), Knowledge Capitalism: Business, Work and Learning in the New Economy, Oxford University, Oxford.
9. Carnoy, M. (1994a), "Rates of return to education", in Husén, T. and Postlethwaite, T.N. (Eds), The International Encyclopedia of Education, (2nd ed.), Vol. 8, Pergamon/Elsevier Science, Oxford and New York, NY, pp. 4913-18.
10. Carnoy, M. (1994b), "Education and productivity", in Husén, T. and Postlethwaite, T.N. (Eds), The International Encyclopedia of Education, (2nd ed.), Vol. 3, Pergamon/Elsevier Science, Oxford and New York, NY, pp. 1690-95.
11. Carnoy, M. (1994c), "Education and the new international division of labor", in Husén, T. and Postlethwaite, T.N. (Eds), The International Encyclopedia of Education, 2nd ed., Vol. 3, Pergamon/Elsevier Science, Oxford and New York, NY, pp. 1707-13.
12. Chabbott, C. and Ramirez, F.O. (2000), "Development and education", in Hallinam, M.T. (Ed.), Handbook of the Sociology of Education, Kluwer/Plenum, New York, NY, pp. 163-88.
13. Cheng, Y.C. (1995), Function and Effectiveness of Education, 3rd ed., Wide Angle Press, Hong Kong.
14. Cheng, Y.C. (1996), School Effectiveness and School-based Management: A Mechanism for Development, Falmer Press, London.
15. Cheng, Y.C. (1999), "Recent education developments in East South Asia: an introduction", School Effectiveness and School Improvement: An International Journal of Research, Policy, and Practice, Vol. 10 No. 1, pp. 3-9.
16. Cheng, Y.C. (2000), "A CMI-triplization paradigm for reforming education in the new millennium", International Journal of Educational Management, Vol. 14 No. 4, pp. 156-74.
17. Cheng, Y.C. and Cheung, W.M. (1995), "A framework for the analysis of educational policies", International Journal of Educational Management, Vol. 9 No. 6, pp. 10-21.
18. Cheng, Y.C. and Ng, K.H. (1992), "Analysis of education policy from an economic perspective: a preliminary framework" (Jiaoyu zhengce de jingji cengmian fenxi: Yige chubu de jiagou), Primary Education (Chudengjiaoyu), Vol. 3 No. 1, pp. 55-63.
19. Cheng, Y.C. and Townsend, T. (2000), "Educational change and development in the Asia-Pacific region: trends and issues", in Townsend, T. and Cheng, Y.C. (Eds), Educational Change and Development in the Asia-Pacific Region: Challenges for the Future, Swets & Zeitlinger, Lisse, pp. 317-44.
20. Cibulka, J.G. (1994), "Policy analysis and the study of the politics of education", Journal of Education Policy, Vol. 9 No. 5-6, pp. 105-25.
21. Cipollone, P. (1994), "Education and earnings", in Husén T. and Postlethwaite, T.N. (Eds), The International Encyclopedia of Education, (2nd ed.), Vol. 3, Pergamon/Elsevier Science, Oxford, New York, NY, pp. 1655-60.
22. Cohen, E.G. (2000), "Equitable classroom in a changing society", in Hallinan, M.T. (Ed.), Handbook of the Sociology of Education, Kluwer/Plenum, New York, NY, pp. 265-64.
23. Cohn, E. and Ng, Y.C. (2000), "Incidence and wage effects of over schooling and under schooling in Hong Kong", Economics of Education Review, Vol. 19 No. 2, pp. 159-68.
24. Coombs, P.H. (1985), The World Crisis in Education: The View from the Eighties, Oxford University Press, New York, NY.
25. Coombs, P.H. (1994), "Education policy", in Nagel, S.S. (Ed.), Encyclopedia of Policy Studies, 2nd ed., Marcel Dekker, New York, NY, pp. 587-616.
26. Davis, D.R. (1999), "School choice and competition: markets in the public interest?", Economics of Education Review, Vol. 18 No. 4, pp. 474-5.
27. Dolton, P. and Vignoles, A. (2000), "The incidence and effects of over-education in the UK graduate labour market", Economics of Education Review, Vol. 19 No. 2, pp. 179-98.
28. Education and Manpower Branch and Education Department (1991), The School Management Initiative: Setting the Framework for Quality in Hong Kong Schools, Government Printer, Hong Kong.
29. Education and Manpower Bureau (1997), Policy Program: The 1997 Policy Address, Government Printer, Hong Kong.
30. Education Commission (1984), Education Commission Report No. 1, Government Printer, Hong Kong.
31. Education Commission (1986), Education Commission Report No. 2, Government Printer, Hong Kong.
32. Education Commission (1988), Education Commission Report No. 3: The Structure of Tertiary Education and the Future of Private Schools, Government Printer, Hong Kong.
33. Education Commission (1990), Education Commission Report No. 4: Curriculum and Students' Behavioral Problems in Schools, Government Printer, Hong Kong.
34. Education Commission (1992), Education Commission Report No. 5: The Teaching Profession, Government Printer, Hong Kong.
35. Education Commission (1996), Education Commission Report No. 6: Enhancing Language Proficiency: A Comprehensive Strategy, Government Printer, Hong Kong.
36. Education Commission (1997), Education Commission Report No. 7: Quality School Education, Government Printer, Hong Kong.
37. Education Commission (1999a), Education Blueprint for the 21st century: Review of Academic System-Aims of Education (Consultation Document), Government Printer, Hong Kong.
38. Education Commission (1999b), Review of Education System-Framework for Educational Reform: Learning for Life (Consultation Document), Government Printer, Hong Kong.
39. Education Commission (2000a), Learning for Life, Learning Through Life: Reform Proposals for the Education System in Hong Kong, Government Printer, Hong Kong.
40. Education Commission (2000b), Review of Education System: Reform proposals (consultation document), Government Printer, Hong Kong.
41. Elliott, C. (2000), "R&D and productivity: the econometric evidence", Education Economics, Vol. 8 No. 2, pp. 186-7.
42. Elliott, J. (1999), "Introduction: global and local dimensions of reforms in teacher education", Teaching and Teacher Education, Vol. 15 No. 2, pp. 133-42.
43. Epstein, J.L. and Sanders, M.G. (2000), "Connecting home, school, and community: new directions for social research", in Hallinan, M.T. (Ed.), Handbook of the Sociology of Education, Kluwer/Plenum, New York, NY, pp. 285-306.
44. Fallon, P.R. (1987), "Labor quality and education", in Psacharopoulos, G. (Ed.), Economics of Education: Research and Studies, Pergamon Press, Oxford, pp. 116-21.
45. Foster, P. (1987), "The contribution of education to development", in Psacharopoulos, G. (Ed.), Economics of Education: Research and Studies, Pergamon Press, Oxford, pp. 93-100.
46. Frey, D.E. (1999), "Measuring what people know: human capital accounting for the knowledge economy" (OECD report), Economics of Education Review, Vol. 18 No. 4, pp. 475-6.
47. Getz, M. (1998), "Does money matter? The effect of school resources on student achievement and adult success", Economics of Education Review, Vol. 17 No. 2, pp. 223-32.
48. Groot, W. and Maassen van den Brink, H. (1999), "Over-education in the labor market: a meta-analysis", Economics of Education Review, Vol. 19 No. 2, pp. 149-58.
49. Grosskopf, S. and Moutray, C. (2001), "Evaluating performance in Chicago public high schools in the wake of decentralization", Economics of Education Review, Vol. 20 No. 1, pp. 1-14.
50. Grossman, M. and Kaestner, R. (1997), "Effects of education on health", in Behrman, J.R. and Stacey, N. (Eds.), The Social Benefits of Education, The University of Michigan Press, Ann Arbor, MI, pp. 69-124.
51. Hallinan, M.T. (Ed.) (2000), Handbook of the Sociology of Education, Kluwer/Plenum, New York, NY.
52. Harnqvist, K. (1987), "Social demand models", in Psacharopoulos, G. (Ed.), Economics of Education: Research and Studies, Pergamon Press, Oxford, pp. 353-6.
53. Heyneman, S.P. (2000), "Educational qualifications: the economic and trade issues", Assessment in Education, Vol. 7 No. 3, pp. 417-40.
54. Hicks, N.L. (1994), "Education and economic growth", in Husén, T. and Postlethwaite, T.N. (Eds), The International Encyclopedia of Education (2nd ed.), Vol. 3, Pergamon Press, Oxford and Elsevier Science, New York, NY, pp. 1660-6.
55. Hinchliffe, K. (1987a), "Forecasting manpower requirements", in Psacharopoulos, G. (Ed.), Economics of Education: Research and studies, Pergamon Press, Oxford, pp.141-6.
56. Hinchliffe, K. (1987b), "Education and the labour market", in Psacharopoulos, G. (Ed.), Economics of Education: Research and Studies, Pergamon Press, Oxford, pp. 315-23.
57. Hlavna, D.P. (1992), "Economic development, human capital theory and the community college", Community College Review, Vol. 19 No. 4, pp. 47-51.
58. James, E. (1994), "Public-private division of responsibility for education", in Husén, T. and Postlethwaite, T.N. (Eds), The International Encyclopedia of Education, 2nd ed., Vol. 8, Pergamon Press, Oxford and Elsevier Science, New York, NY, pp. 4831-6.
59. Kiker, B.F. (1998), "Introduction to special issue on education and health", Economics of Education Review, Vol. 17 No. 3, pp. 233-5.
60. Klor de Alva, J. (2000), "Remaking the academy in the age of information", Issues in Science and Technology, Vol. 16 No. 2, pp. 52-8.
61. Koshal, R.K. (1999), "Demand and supply of educational service: a case of liberal arts colleges", Education Economics, Vol. 7 No. 2, pp. 121-31.
62. Lee, V.E. (2000), "School size and the organization of secondary schools", in Hallinan, M.T. (Ed.), Handbook of the Sociology of Education, Kluwer/Plenum, New York, NY, pp. 327-44.
63. Levin, H.M. (1987), "Work and education", in Psacharopoulos, G. (Ed.), Economics of Education: Research and studies, Pergamon Press, Oxford, pp. 146-57.
64. Levin, H.M. (1994a), "Cost-benefit analysis", in Husén, T. and Postlethwaite, T.N. (Eds), The International Encyclopedia of Education, 2nd ed., Vol. 2, Pergamon Press, Oxford, Elsevier Science, New York, NY, pp. 1127-31.
65. Levin, H.M. (1994b), "Cost-effectiveness analysis", in Husén, T. and Postlethwaite, T.N. (Eds), The International Encyclopedia of Education, 2nd ed., Vol. 2, Pergamon Press, Oxford, Elsevier Science, New York, NY, pp. 1131-6.
66. Levin, H.M. (1997), Accelerated Education for an Accelerating Economy, Hong Kong Institute of Educational Research, the Chinese University of Hong Kong, Hong Kong.
67. Light, A. (1999), "High school employment, high school curriculum, and post-school wages", Economics of Education Review, Vol. 18 No. 3, pp. 291-309.
68. Lynch, K. (2000), "Research and theory on equality and education", in Hallinan, M.T. (Ed.), Handbook of the Sociology of Education, Kluwer Plenum, New York, NY, pp. 85-106.
69. McMahon, W.W. (1987a), "Consumption and other benefits of education", in Psacharopoulos, G. (Ed.), Economics of Education: Research and Studies, Pergamon Press, Oxford, pp. 129-33.
70. McMahon, W.W. (1987b), "Expected rates of returns to education", in Psacharopoulos, G. (Ed.), Economics of Education: Research and Studies, Pergamon Press, Oxford, pp. 187-96.
71. McMahon, W.W. (1998), "Education and growth in East Asia", Economics of Education Review, Vol. 17 No. 2, pp. 159-72.
72. Mingle, J.R. (2000), "Higher education's future in the 'corporatized' economy", paper presented at the Symposium on Research and Scholarship on Higher Education Governance, Trusteeship and the Academic Presidency, (ERIC Document Reproduction Service No. ED 446 571), December, Charlottesville, VA.
73. Mok, M.M.C. and Cheng, Y.C. (2001), "A theory of self-learning in a human and technological environment: implications for education reforms", International Journal of Education Management, Vol. 15 No. 4.
74. Nespoli, L.A. (1991), "Investing in human capital: state strategies for economic development", New Directions for Community Colleges, Vol. 19 No. 3, pp. 17-24.
75. Newell, A. (1999), "Rates of return to educational qualifications in the transitional economies", Education Economics, Vol. 7 No. 1, pp. 67-85.
76. Ohmae, K. (2000), The Invisible Continent: Four Strategic Imperatives of the New Economy, Nicholas Brealey, London.
77. Owen, J.D. (1998), "The economic consequences of American education", Economics of Education Review, Vol. 17 No. 2, pp. 229-30.
78. Pallas, A.M. (2000), "The effects of schooling on individual lives", in Hallinan, M.T. (Ed.), Handbook of the Sociology of Education, Kluwer/Plenum, New York, NY, pp. 499-528.
79. Paquette, J. (1998), "Equity in educational policy: a priority in transformation or in trouble?", Journal of Education Policy, Vol. 13 No. 1, pp. 41-61.
80. Persell, C.H. (2000), "Values, control, and outcomes in public and private schools", in Hallinan, M.T. (Ed.), Handbook of the Sociology of Education, Kluwer/Plenum, New York, NY, pp. 387-10.
81. Psacharopoulos, G. (1987), "Economic aspects of educational planning", in Psacharopoulos, G. (Eds), Economics of Education: Research and Studies, pp. 311-5, Pergamon Press. Oxford.
82. Psacharopoulos, G. (1996), "Economics of education: a research agenda", Economics of Education Review, Vol. 15 No. 4, pp. 339-44.
83. Psacharopoulos, G. (1999), "Education and privatization in Eastern Europe and the Baltic republics", Economics of Education Review, Vol. 18 No. 4, pp. 473-4.
84. Rice, J.K. (1997), "Cost analysis in education: paradox and possibility", Educational Evaluation and Policy Analysis, Vol. 19 No. 4, pp. 309-17.
85. Robst, J. (1999), "Labor markets, employment policy and job creation", Economics of Education Review, Vol. 18 No. 4, pp. 471-2.
86. Ryan, S., Scott, B., Freeman, H. and Patel, D. (2000), The Virtual University: The Internet and Resource-based Learning, Kogan Page, London.
87. Saha, L.J. and Fagerlind, I. (1994), "Education and development", in Husén, T. and Postlethwaite, T.N. (Eds), The International Encyclopedia of Education, 2nd ed., Vol. 3, Pergamon Press, Oxford/Elsevier Science, New York, NY, pp. 1648-55.
88. Samoff, J. (1996), "Which priorities and strategies for education?", International Journal of Educational Development, Vol. 16 No. 3, pp. 249-71.
89. Schultz, T.W. (1987), "Education and population quality", in Psacharopoulos, G. (Ed.), Economics of Education: Research and Studies, Pergamon Press, Oxford, pp. 11-14.
90. Scribner, J.D., Reyes, P. and Fusarelli, L.D. (1994), "Educational politics and policy: and the game goes on", Journal of Education Policy, Vol. 9 No. 5-6, pp. 201-12.
91. Solmon, L.C. (1987), "The range of educational benefits", in Psacharopoulos, G. (Ed.), Economics of Education: Research and Studies, pp. 83-93, Pergamon Press, Oxford.
92. Solmon, L.C. and Fagnano, C.L. (1994), "Benefits of education", in Husén, T. and Postlethwaite, T.N. (Eds), The International Encyclopedia of Education, 2nd ed., Vol. 1, Pergamon Press, Oxford, Elsevier Science, New York, NY, pp. 510-21.
93. Sorensen, A.B. and Morgan, S. (2000), "School effects: theoretical and methodological issues", in Hallinan, M.T. (Ed.), Handbook of the Sociology of Education, pp. 137-62, Kluwer/ Plenum, New York, NY.
94. Tsang, M.C. (1994), "Private and public costs of schooling in developing nations", in Husén, T. and Postlethwaite, T.N. (Eds), The International Encyclopedia of Education, 2nd ed., Vol. 8, Pergamon Press, Oxford, Elsevier Science, New York, NY, pp. 4702-08.
95. Tsang, W.K. (1985), "Issues on equality of opportunity in university education" (Daxue jiaoyu jihui de pingdeng wenti: yixiang xianggang yu oumei guojia de bijiao yanjiu), Education Journal (Xianggang Zhongwen Daxue JiaoyuXuebao), Vol. 13 No. 1, pp. 10-27.
96. Vahey, S.P. (2000), "The great Canadian training robbery: evidence on the returns to educational mismatch", Economics of Education Review, Vol. 19 No. 2, pp. 219-27.
97. Varcoe, K.P. (2001), "What teens want to know about financial management", Journal of Family and Consumer Sciences, Vol. 93 No. 2, pp. 30-5.
98. Vaughan, R.J. (1991), "The new limits to growth: economic transformation and vocational education", Phi Delta Kappa, Vol. 72 No. 6, pp. 446-9.
99. Vila, L. and Mora, J. (1998), "Changing returns to education in Spain during the 1980s", Economics of Education Review, Vol. 17 No. 2, pp. 173-8.
100. Walshok, M. L. (1999), "Rethinking the policy assumptions that shape the academic enterprise", Adult Learning, Vol. 10 No. 3, pp. 21-4.
101. Weber, W.L. (1998), "Economic socialization: the economic beliefs and behaviours of young people", Economics of Education Review, Vol. 17 No. 2, pp. 231-2.
102. Wetzel, J., O'Toole, D. and Peterson, S. (1998), "An analysis of student enrollment demand", Economics of Education Review, Vol. 17 No. 1, pp. 47-54.
103. Woodhall, M. (1987a), "Human capital concepts", in Psacharopoulos, G. (Ed.), Economics of Education: Research and Studies, Pergamon Press, Oxford, pp. 21-2.
104. Woodhall, M. (1987b), "Earnings and education", in Psacharopoulos, G. (Ed.), Economics of Education: Research and Studies, Pergamon Press, Oxford, pp. 209-17.
105. Woodhall, M. (1987c), "Cost-effectiveness analysis in education", in Psacharopoulos, G. (Ed.), Economics of Education: Research and Studies, Pergamon Press, Oxford, pp. 348-50.
106. Woodhall, M. (1992), Cost-beneft Analysis in Educational Planning, 3rd ed., International Institute for Educational Planning, Unesco, Paris.
107. Wyckoff, J.H. and Naples, M. (2000), "Educational finance to support high learning standards: a synthesis", Economics ofEducation Review, Vol. 19 No. 4, pp. 305-18.