Table of Contents

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

About the Author

Walter W. McMahon has been Professor of Economics with a joint appointment as Professor of Education at the University of Illinois at Urbana-Champaign since 1972, specializing in the economics of education and human capital, and in macroeconomic theory and analysis. He has worked in many developing countries, including acting as Chief Economist on the 25 Year Plan for Education in Indonesia, and conducting education sector assessments for the
governments of Nepal, Pakistan, Indonesia, and Kuwait.

Reviews

`This book is an intelligent exposition on the relationship between education and development. Given that no structural approach has yet been employed that measures systematically the indirect benefits of education on growth, the suggestion of such a quantitative approach is a valuable contribution to economics of education ... the book is an approachable and interesting analysis of the determinants of development, with a range of pertinent cross-country
regressions. It will be of interest to education, labour and growth economists as well as to policymakers and development organisations.'
Geeta Gandhi Kingdon, Times Higher Education Supplement, 1 June 2001
`a valuable, ambitious volume.'
R.M. Whaples, CHOICE, Nov.00, Vol.38, No.3.