EDUCATION -- Finance

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In this book Terry Moe takes a penetrating look at the school voucher movement and its growing challenge to the traditional system of American education. Schools, vouchers, and the American public examines the democratic foundations of the voucher issue, what they mean for the k…

Economists often evaluate public policies by measuring the effects of those policies on participants' wage income. I use two historical settings to argue that this focus on wage income biases estimates of the returns to education, the returns to local investment, and the measure…

University foundations in China have existed for less than 30 years. As of December 2017, less than 20% of Chinese universities (525 foundations) had registered a foundation. Considering the scarcity of reports on this topic, the increasing importance, and the difficulty in acce…

This thesis contains three chapters studying the evolution of the American higher education landscape, the different forces that shaped their organization, and how they, in turn, influenced human capital accumulation. The chapters are organized into three time periods: 1850-1900…