Economics Dictionary of Arguments

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Mause I 513
Education/investment/Economic Theory: How are pensions (welfare gains of human capital investment) divided between employers and employees? Each party will try to take in the largest part. See Williamson 1985 (1).
Varieties of Capitalism analysis: emphasises the complementarity of human capital and labour input on the one hand and the qualification system on the other. In addition, the financial institutions, social policy and coordination mechanisms are part of the overall institutional structure (Hall and Soskice 2001) (2).
Education/Economic Theory: Question: Is class size decisive for educational effects? For the USA this has been investigated (Hanushek 2002) (3). The result is that smaller classes do not improve students' performance.
The 1995 TIMSS study found for Germany that larger classes even lead to better performance. Statistical problem: it must be taken into account that worse pupils often go to lower secondary schools that have smaller classes. However, this aspect was taken into account in the study.

1. Williamson, Oliver E. 1985. The economic institutions of capitalism: Firms, markets, relational contracting. New York 1985.
2. Hall, Peter A., und David Soskice. 2001. Varieties of capitalism: The institutional foundations of comparative advantage. Oxford 2001.
3. Hanushek, Eric A. Publicly provided education. In Handbook of public economics, Hrsg. Alan J. Auerbach und Martin Feldstein, 4. Aufl., 2045– 2141. Amsterdam 2002.

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.
The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
Economic Theories
Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018

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