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Journal of Economic Literature: Vol. 40 No. 4 (December 2002)
JEL Volume. 40, Issue 4 | 
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JEL Indexes (Members Only)Identity and Schooling: Some Lessons for the Economics of Education
Article Citation
Akerlof, George A., and
Rachel E. Kranton. 2002. "Identity and Schooling: Some Lessons for the Economics of Education ."
The Journal of Economic Literature,
40(4): 1167-1201.
DOI: 10.1257/002205102762203585
DOI: 10.1257/002205102762203585
Abstract
This review culls noneconomic literature on education--by sociologists, anthropologists, and practitioners to present a new economic theory of students and schools. This theory elaborates two themes that have eluded economic analysis. First is the student as decision-maker whose primary motivation is her identity. Second is a conception of the school as a social institution. This framework suggests a new perspective on questions such as resource allocation and school reform. It explains why some educational policies succeed and others fail. We show how sociological variables may affect outcomes, and suggest ways economists can incorporate them into theoretical and empirical research.
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Authors
Akerlof, George A.
Kranton, Rachel E.
Kranton, Rachel E.
