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This two-volume set answers a pair of important questions. Volume 3 asks "How does education affect economic and social outcomes, and how can it inform public policy?" Its contributors, with the help of new methodological approaches, cover econometric methods and international test score data and examine the determinants of educational outcomes and issues surrounding teacher salaries and licensure. Reflecting government demands for more evidence-based policies, they take new looks at institutional features of school systems. Volume 4 considers "What is the value of an education?" School choice and school competition, educator incentives, the college premium, and other considerations help its contributors make sense of the investments and returns associated with education.Demonstrates how new methodologies are yielding fresh perspectives in education economicsReveals how education serves as an important determinant of economic and social outcomesPresents topics and authors whose data and conclusions attest to the globalization of research Uses rich data to study issues of high contemporary policy relevance

This two-volume set answers a pair of important questions. Volume 3 asks "How does education affect economic and social outcomes, and how can it inform public policy?" Its contributors, with the help of new methodological approaches, cover econometric methods and international test score data and examine the determinants of educational outcomes and issues surrounding teacher salaries and licensure. Reflecting government demands for more evidence-based policies, they take new looks at institutional features of school systems. Volume 4 considers "What is the value of an education?" School choice and school competition, educator incentives, the college premium, and other considerations help its contributors make sense of the investments and returns associated with education.Demonstrates how new methodologies are yielding fresh perspectives in education economicsReveals how education serves as an important determinant of economic and social outcomesPresents topics and authors whose data and conclusions attest to the globalization of research Uses rich data to study issues of high contemporary policy relevance