Economics Dictionary of Arguments

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Education policy: Education policy refers to the set of principles, rules, and strategies established by governments or institutions to guide the administration and development of education systems. It encompasses decisions on curriculum standards, funding, teaching methods, access to education, and reforms aimed at improving learning outcomes and addressing societal needs within a country or region. See also education, Politics, Society, State (Polity).
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

 
Author Concept Summary/Quotes Sources

Gary S. Becker on Education Policy - Dictionary of Arguments

Mause I 513
Education Policy/Becker: Theoretically and also practically significant was the distinction made by Becker (1962)(1) and Oi (1962)(2) between general and special education or specific knowledge. Company-specific knowledge is only useful for the company in which it is acquired.
This explained why it is rather unlikely that employees with highly specialised knowledge will change their employer. It also explains why most promotions take place within a company and less through new hires.

1. Becker, Gary S. 1962. Investment in human capital: A theoretical analysis. Journal of Political Economy 70: 9– 49.
2. Oi, Walter Y. 1962. Labor as a Quasi-fixed factor. Journal of Political Economy 70: 538– 555.


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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
Becker, Gary S.
Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018


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