This policy brief outlines how national education accounts (NEAs) are created, and why they are a vast improvement over current financial tracking systems in the education sector. Examples from the health sector illustrate the benefits of national accounts for improving public services, and their ubiquity highlights the poor state of affairs of…

A "second best" approach, reintroducing educational productivity analyses into school finance reform strategies, may help to promote efficiency in the provision of educational services. The limitations of analysis models and measurement of equity and efficiency are discussed. (Author/CM)

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)

This article contends that a new concept of education finance has emerged in response to substantial alterations in the U.S. education policy environment. The major distinction between modern and old is that the latter was principally concerned with arrangements of inputs in K-12 schooling. The former, modern-era education finance, is concerned…