Linked Data Explorerhttp://worldcat.org/entity/work/id/4179896
Notes on distortions in the market for educational services
The demand for educational services is a derived demand, since education is a good (containing both consumption and investment attributes) that is produced by a student using his own time and educational services. The cost of any increment to an individual's stock of education includes direct outlays (tuition, books, fees, and any room and board expenses beyond those which would have been incurred otherwise) and indirect costs (the value of earnings forgone). Various factors have been cited as causing the output of educational services provided to diverge from the theoretical optimum. The purpose of this paper is to separate fact from fiction regarding these factors.
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http://schema.org/about
- http://experiment.worldcat.org/entity/work/data/4179896#Topic/economics
- http://experiment.worldcat.org/entity/work/data/4179896#Topic/human_resources
- http://experiment.worldcat.org/entity/work/data/4179896#Topic/education
- http://id.worldcat.org/fast/1204155
- http://experiment.worldcat.org/entity/work/data/4179896#Topic/economics_and_cost_analysis
- http://id.worldcat.org/fast/902610
- http://id.loc.gov/authorities/subjects/sh2008102706
- http://experiment.worldcat.org/entity/work/data/4179896#Topic/humanities_and_history
- http://experiment.worldcat.org/entity/work/data/4179896#Topic/personnel_development
- http://experiment.worldcat.org/entity/work/data/4179896#Topic/investments
http://schema.org/description
- "The demand for educational services is a derived demand, since education is a good (containing both consumption and investment attributes) that is produced by a student using his own time and educational services. The cost of any increment to an individual's stock of education includes direct outlays (tuition, books, fees, and any room and board expenses beyond those which would have been incurred otherwise) and indirect costs (the value of earnings forgone). Various factors have been cited as causing the output of educational services provided to diverge from the theoretical optimum. The purpose of this paper is to separate fact from fiction regarding these factors."@en