Education Matters

Dr. Richard Mayer, Professor of Psychology at the University of California, PsycCRITIQUES, Vol. 61, No. 11 (March 2016) This book confirms my faith in the value of education. . . [it] suggests some important possible linkages between economics and psychology (especially educational psychology) and bodes well for increasing collaboration across our fields.

Robert J. Barro is Paul M. Warburg Professor of Economics at Harvard University, a senior fellow of the Hoover Institution of Stanford University, and a research associate of the National Bureau of Economic Research. He has a Ph.D. in economics from Harvard University and a B.S. in physics from Caltech. Barro is co-editor of Harvard's Quarterly Journal of Economics and was recently President of the Western Economic Association and Vice President of the American Economic Association. He was a viewpoint columnist for Business Week from 1998 to 2006 and a contributing editor of The Wall Street Journal from 1991 to 1998. Jong-Wha Lee is a professor of economics and director of the Asiatic Research Institute at Korea University. He served as a senior adviser for international economic affairs to President of South Korea. He was also previously Chief Economist and Head of the Office of Regional Economic Integration at the Asian Development Bank and an economist at the International Monetary Fund. He has taught at Australian National University, Harvard Univeristy, and Peking University. He has contributed to Project Syndicate since 2012. He obtained his Ph.D. and Master's degrees in Economics from Harvard University, and his Master's and Bachelor's degrees in economics from Korea University.

1. Introduction ; 2. International Comparisons of School Enrollment and Educational Attainment, 1870-2010 ; 3. Projection of Educational Attainment for 2015-2040 ; 4. Educational Attainment and Economic and Political Developments, 1960-2010 ; 5. Historical Evidence on the Effects of Education on Growth, Fertility, and Democracy, 1870-2010 ; 6. Educational Attainment-Quantity and Quality of Schooling ; 7. Conclusions