Economic literacy is vital for functioning effectively in today's society. Consumers need to manage their finances, investors need to plan for their future, and voters need to choose among competing economic plans. As students move on to college or enter the workforce, their understanding of the economy will help them become financially…

This article argues that China's education system is facing unprecedented pressures to provide appropriately skilled individuals to meet the demands of the rapidly growing economy. In China this is a uniquely complex situation owing to the coexistence of a diminishing command and control economy and a growing market economy. Within this context we…

The social, economic and political systems of former communist countries have faced considerable changes since the late 1980s. Most countries in Eastern and Central Europe have undergone their own individual brand of transition from a centrally planned, command system to a more or less liberalized, Western-style market economy. Many observers…

Describes an econometric modeling of the labor market for teachers in an "administered" market setting in which the government partially controls the main determinants of demand and is very influential in setting teachers' wages. Reviews relevant econometric literature and shows market forces' crucial role. Discusses economic policy…

The social changes that have taken place in the past fifteen years have had a powerful effect on the life trajectories and social expectations of people in different age groups in Russia. For the most part there are two terms that are used to identify these groups: age cohort (or age group) and generation. But the use of these terms in…

Corrects for potential bias and inconsistency in the estimated coefficient on market competition (among schools) by constructing a system of equations with endogenous expressions of student achievement and market competition. Policy makers seeking to improve student achievement should encourage market competition among schools. (Contains 13…

Issues in school choice--constitutionality, feasibility, equity, and educational productivity--are examined in this book. The controversy requires an ongoing analysis of the origins of the school-choice movement, the kinds of plans proposed and implemented, their educational and social consequences, and the philosophical assumptions underlying the…

Subgroup B of the European Training Foundation's (ETF) Advisory Forum analyzed the role of the private sector in vocational education and training (VET) and focused on the role of the social partners in the transition process. A questionnaire on the role of social partners in the development of training in market economy was sent to 110…