South Africa’s economics of education: A stocktaking and an agenda for the way forward
AbstractThe paper reviews some of the existing economics of education literature from the perspective of South Africa’s education policymaking needs. It also puts forward a suggested research agenda for future work. The review is arranged according to five key areas of analysis: rates of return, production functions, teacher incentives, benefit incidence, cross-country comparisons. Whilst benefit incidence analysis is able to demonstrate large improvements in the equity of public financing, cross-county comparisons reveal that not only is quality inequitably distributed, it is overall well below what the country’s level of development would predict. Production functions, especially if translated to cost effectiveness models, can point to important policy solutions. Rates of return are difficult for policymakers to interpret, and need to be viewed in the context of qualifications. Teacher incentives is a policy area that is badly in need of a better theoretical and empirical basis.
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Bibliographic InfoPaper provided by Stellenbosch University, Department of Economics in its series Working Papers with number 06/2010.
Date of creation: 2010
Date of revision:
Economics of education; South Africa; education policy; rates of return; production functions; teacher incentives; benefit-incidence analysis;
Other versions of this item:
- Martin Gustafsson & Thabo Mabogoane, 2012. "South Africa's economics of education: A stocktaking and an agenda for the way forward," Development Southern Africa, Taylor & Francis Journals, vol. 29(3), pages 351-364, September.
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
- I28 - Health, Education, and Welfare - - Education - - - Government Policy
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