Behavioral Economics of Education

By Alexander K. Koch, Julia Nafziger, Helena Skyt Nielsen. Social Science Research Network, 2015

204 citations recorded by the source corpus.

During the last decade knowledge about human behavior from psychology and sociology has enhanced the field of economics of education. By now research recognizes cognitive skills (as measured by achievement tests) and soft skills (personality traits not adequately measured by achievement tests) as equally important drivers of later economic outcomes, and skills are seen as multi-dimensional rather than one-dimensional. Explicitly accounting for soft skills often implies departing from the standard economic model by integrating concepts studied in behavioral and experimental economics, such as self-control, willingness to compete, intrinsic motivation, and self-confidence. We review how approaches from behavioral economics help our understanding of the complexity of educational investments and outcomes, and we discuss what insights can be gained from such concepts in the context of education.

Subfields: Education, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/2b772cd13d606a41162b3b406e816aed4fe84bd9

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Education

  1. M. Damgaard
  2. Helena Skyt Nielsen

In Sociology and Political Science

  1. M. Damgaard
  2. Helena Skyt Nielsen

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