I study the potential effects of setting mandatory standards in primary and secondary education on student performance. To that end, I present a model in which investment in education is indivisible. Thus, if demand exceeds supply at any level of education, allocation is carried out - at least...

This paper investigates the Keynesian Relations and Education Expenditure in Saudi Arabia during the period (1970-2012) for real Oil GDP and Non Oil GDP. Keynesian Relations investigated that fundamental economic growth is validity to the education growth. In the previous studies have been...

Each discipline has its own framing and conventions. Economics emphasises the identification of key variables and relationships and their estimation using quantitative research methods, with common reliance on econometrics. The approaches shape what is observed and any resulting policy...

Over the past fifty years, elected officials in the name of education reform have promulgated countless policies. Yet the nation continues to face insufficient seats for pre-K kids, and low performance and high dropout rates among older kids. These statistics are harshest for low income and...

The direct democratic choice of an examination standard, i.e., a performance level required to graduate, is evaluated against a utilitarian welfare function. It is shown that the median preferred standard is inefficiently low if the marginal cost of reaching a higher performance reacts more...

Justification for policies to encourage investments in education, particularly for individuals at the lower end of the ability distribution, may be provided by behavioural economics. We present a prototypical model where individuals who are potentially loss averse around their expected outcome...

We study the implications of limited commitment on education and tax policies chosen by benevolent governments. Individual wages are determined by both innate abilities and education levels. Consistent with real world practices, the government can decide to subsidize different levels of...

Justification for policies to encourage investments in education, particularly for individuals at the lower end of the ability distribution, may be provided by behavioural economics. We present a prototypical model where individuals who are potentially loss averse around their expected outcome...

Discontinuities in markets and technology as well as issues of performance are roiling the field of higher education. Despite the profusion of educational and learning concepts, a comprehensive model for both explaining and testing for educational performance has been hard to come by. The paper...

This selection of E.G. West's papers contains a wealth of economic and philosophical analysis which can guide policymakers in the field of education. The papers show how state monopoly provision of education has led to a particular model of schooling which does not work for many of those who use...