This article examines the phenomenon of volunteering from a benefit-cost perspective. Both the individual making a decision to volunteer and the organization making a decision to use volunteer labor face benefits and costs of their actions, yet these costs and benefits almost always remain unarticulated, perhaps because the common perception of…

This article reviews the use of several valuation methods as they relate to drug abuse and places them within the context of U.S. policy. First, cost-of-illness (COI) studies are reviewed and their limitations discussed. Second, three additional economic methods of valuing drug abuse are reviewed, including cost-effectiveness analysis (CEA),…

Almost 7 million young Americans (age 16-24) are insufficiently attached to school or work. Based on conservative estimates, we can generate over $1 billion just by helping a mere 0.1 percent earn a high school credential and complete their first year of college through Back on Track Designs. This brief lays out the cost of setting up these GED-…

This paper assesses the impact on economic growth of increased efficiency of public spending in primary and lower-secondary education. Higher efficiency in public spending in schools can bolster growth through two main channels. On the one hand, it can allow a transfer of labour from the public sector to the business sector at unchanged…

Information about the world and how it works is often hard to locate and difficult to understand. The objectives and activities in this teaching guide were developed to complement the "World Military and Social Expenditures" (WMSE) report in the study of global issues in secondary school classrooms. The report contains well-documented and…

By making explicit the implicit assumptions about program costs and benefits, resource allocation in a nonprofit organization could be simplified. A rational scheme for implementing such a program might begin by using detailed interviews with program administrators to determine input and output scales. Following this, respondents could choose…

Mathematical model building for educational planning in this country has been heavily influenced by the USOE DYNAMOD Model, a computerized Markov-type or input-output model. However, the input-output method is structurally inadequate to reflect the true behavior of the educational system. To introduce some elements of decision making into the…

Resource optimization in building design is based on the total system over its expected useful life. Alternative environmental systems can be evaluated in terms of resource costs and goal effectiveness. (Author/MF)

Financial analysis uses accounting and other financial information to help administrators relate costs to benefits or effectiveness to assist with both short- and long-range decisions. (Author/SSH)

This study investigates the income-cost effects resulting from public and private higher education expenditures in Japan. Economic returns are presented according to sex, public or private sector, and areas of study, and the method of government expenditure on education in Japan is evaluated. (TE)

The interests of economists in educational systems have taken two directions: (1) Concern for the interchange of resources between educational systems and the national economy, and (2) an interest in the production of education. In expressing the resource interchange, economists rely on the language of productivity. Of concern is the global…

This paper provides a summary of four projects currently funded through Australia's National Center for Vocational Education Research (NCVER), including what they propose to achieve and their preliminary findings to date. After an introduction, an overview of preliminary findings from the four projects is presented. The following barriers to…

The author reviews five cost-effectiveness basic models including log-log correlational, general utility theory, simultaneous equations, nonlinear theoretical, and feedback. Several suggestions are made to improve the models and increase the domain of problems that can be considered by the models. In the second part of the paper, the author…

Analyzes resource allocations in institutions of higher education to undergraduate costs, graduate costs, and faculty research and teaching time in order to determine educational "productivity." Although real undergraduate costs were found to be much lower than previously assumed, cost-based subsidies and the redistributive effects of higher…

Based on pupil-specific observation data drawn from a sample of 13 fifth-grade math classrooms, this article reports efforts to develop and test an economic model of the allocation of teacher resources within classrooms. Tables provide data on teacher attention and resources. (PB)