Department of Economics and Business Economics

Behavioral Economics of Education

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DOI

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 achivement 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.
Original languageEnglish
JournalJournal of Economic Behavior & Organization
Volume115
Pages (from-to)3-17
ISSN0167-2681
DOIs
Publication statusPublished - 2015

Bibliographical note

Campus adgang til artiklen / Campus access to the article

    Research areas

  • Educational decision making, Schooling, Non-cognitive skills, Soft skills, Behavioral economics

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