His talk will begin with a brief history of the economics of education and how the field developed and generated so many Nobel Prizes: from Solow to Schultz, Becker, Mincer, Lucas and Heckman. He will address why the rate of return to investment in education has become a key theoretical concept and the subject of voluminous empirical research. Basic human capital theory, estimation methodology, highlights of empirical findings, and uses and misuses of the rate of return in policy formulation will be covered along with examples of countries at different levels of development. Psacharopoulos will explain the relevance to the current formulation of the United Nations Post-2015 Millennium Development.
The event will be held in English only.
Venue: CERGE-EI, Politickych veznu 7, 111 21 Prague 1
Date: November 4th, 2014
Time: 10:00 - 11:00 a.m.
Participants may also attend a follow-up presentation of two new studies exploring returns to education in the Czech Republic and EU countries, followed by a reception. Capacity is limited so please reserve your seat in advance at firstname.lastname@example.org.