Edited by Eric A. Hanushek, Paul and Jean Hanna Senior Fellow, Hoover Institution, Stanford University, US

'. . . the editor has done a commendable job of selecting some of the best available research on these core aspects of economics of education. . . The two volumes are rich in content, and hence, should be warmly welcomed. The set provides a good mix of theoretical, methodological and empirical aspects and policy issues. Not only students and researchers of economics of education, but also those interested in economics of growth, wages, labour markets etc., will also benefit from the collection.'

• Contents: Volume I: Labor Markets, Distribution and GrowthAcknowledgementsUnderstanding the Economics of Schools: An Introduction Eric A. HanushekPART ILABOR MARKETS 1. Jacob Mincer (1970), ‘The Distribution of Labor Incomes: A Survey. With Special Reference to the Human Capital Approach’2. F. Welch (1970), ‘Education in Production’3. George Psacharopoulos (1994), ‘Returns to Investment in Education: A Global Update’4. Robert J. Willis and Sherwin Rosen (1979), ‘Education and Self-Selection’5. John H. Bishop (1989), ‘Is the Test Score Decline Responsible for the Productivity Growth Decline?’6. Richard J. Murnane, John B. Willett and Frank Levy (1995), ‘The Growing Importance of Cognitive Skills in Wage Determination’PART IIDISTRIBUTION 7. Kevin M. Murphy and Finis Welch (1992), ‘The Structure of Wages’8. James P. Smith and Finis R. Welch (1989), ‘Black Economic Progress After Myrdal’9. Chinhui Juhn, Kevin M. Murphy and Brooks Pierce (1993), ‘Wage Inequality and the Rise in Returns to Skill’10. Stephen V. Cameron and James J. Heckman (2001), ‘The Dynamics of Educational Attainment for Black, Hispanic, and White Males’11. Thomas J. Kane (1994), ‘College Entry by Blacks since 1970: The Role of College Costs, Family Background, and the Returns to Education’PART IIIGROWTH 12. Richard R. Nelson and Edmund S. Phelps (1966), ‘Investment in Humans, Technological Diffusion, and Economic Growth’13. Robert J. Barro (1991), ‘Economic Growth in a Cross Section of Countries’14. Mark Bils and Peter J. Klenow (2000), ‘Does Schooling Cause Growth?’15. Eric A. Hanushek and Dennis D. Kimko (2000), ‘Schooling, Labor-Force Quality, and the Growth of Nations’Name Index Volume II: Efficiency, Competition and PolicyAcknowledgementsAn introduction by the editor to both volumes appears in Volume IPART IEFFICIENCY 1. Eric A. Hanushek (1986), ‘The Economics of Schooling: Production and Efficiency in Public Schools’2. Alan B. Krueger (1999), ‘Experimental Estimates of Education Production Functions’3. Joshua D. Angrist and Victor Lavy (1999), ‘Using Maimonides’ Rule to Estimate the Effect of Class Size on Scholastic Achievement’4. Eric A. Hanushek (1999), ‘The Evidence on Class Size’5. Edward P. Lazear (2001), ‘Educational Production’6. Richard J. Murnane and Randall J. Olsen (1989), ‘The Effects of Salaries and Opportunity Costs on Duration in Teaching: Evidence from Michigan’7. Peter Dolton and Wilbert van der Klaauw (1995), ‘Leaving Teaching in the UK: A Duration Analysis’8. Eric A. Hanushek and Steven G. Rivkin (1997), ‘Understanding the Twentieth-Century Growth in U.S. School Spending’PART IICOMPETITION 9. Milton Friedman (With the Assistance of Rose D. Friedman) (1962), ‘The Role of Government in Education’10. Caroline M. Hoxby (2000), ‘Does Competition Among Public Schools Benefit Students and Taxpayers?’11. Derek Neal (1997), ‘The Effects of Catholic Secondary Schooling on Educational Achievement’12. Cecilia Elena Rouse (1998), ‘Private School Vouchers and Student Achievement: An Evaluation of the Milwaukee Parental Choice Program’PART IIIFINANCE AND POLICY 13. Martin S. Feldstein (1975), ‘Wealth Neutrality and Local Choice in Public Education’14. Sheila E. Murray, William N. Evans and Robert M. Schwab (1998), ‘Education-Finance Reform and the Distribution of Education Resources’15. Caroline M. Hoxby (2001), ‘All School Finance Equalizations Are Not Created Equal’16. Dennis Epple and Richard E. Romano (1998), ‘Competition Between Private and Public Schools, Vouchers, and Peer-Group Effects’17. Raquel Fernández and Richard Rogerson (1998), ‘Public Education and Income Distribution: A Dynamic Quantitative Evaluation of Education-Finance Reform’18. Thomas J. Nechyba (2000), ‘Mobility, Targeting, and Private-School Vouchers’Name Index