The accumulation of human capital is a key determinant of economic growth, productivity, welfare, and inequality. Formal education, from pre-K through graduate education, is a central channel through which this accumulation occurs and the most direct target for public policy. Our faculty and students apply the analytic tools of economics to understand the education sector, drawing on models and methods from labor, public, and industrial organization, among others. We examine the incentives and behavior of the supply (schools and colleges) and investment (students) sides of the market for education, as well as policies that impact both.
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Amherst College
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World Bank