INTRODUCTION Over the last quarter century the discipline of economics has taken on growing importance in education research and policy. Topics on the economics of education make up a sizeable part of conference agendas for the Association for Education Finance and Policy (AEFP) and the Association for Public Policy Analysis and Management (APPAM). 1 Th ere is also anecdotal evidence that the economics of education has grown rapidly as a fi eld within economics during recent years. Numerous scholarly articles are published in leading economics journals such as the American Economic Review , the Quarterly Journal of Economics , and the Journal of Human Resources , among others, as well as through specialized outlets such as the Economics of Education Review . Th e variety of applications has increased as well, building on labor and public economics to include institutional and behavioral economics.