Publications

                                            Walter W. McMahon, Publications
Books

1. Education and Development, an editited 4 volume reference work, Routledge Ltd,       (2011)  http://www.taylorandfrancis.com/books/details/9780415582797/
 2. Higher Learning Greater Good: The Private and Social Benefits of Higher Education, Johns Hopkins University Press, ( 2009), Winner of the 2010 PROSE Award for the best book published in Education, at http://www.amazon.com/Higher-Learning-Greater-Good-Education/dp/0801890535       

3.Education and Development: Measuring the Social Benefits, Oxford University Press, 2002 at http://ukcatalogue.oup.com/p2p/endecaSearch.do?keyword=McMahon%2C%20Education%20and%20Development.       

4. Improving Education Finance in Indonesia, UNICEF and Government of Indonesia, MNE, Institute for Research and Development, (2002), 117 pp. (downloadable above)

5.An Efficiency-Based Management Information System, 1993, UNESCO, International Institute for Educational Planning, Paris, 82 pp.      

6.Education, Economic, and Social Development (with Boediono and Don Adams), 1992, Florida State University Press, Tallahassee, and Ministry of Education and Culture, Jakarta, 307 pp.  

7.Education and the Economy: The External Efficiency of Education, W. McMahon (with Boediono), 1992, Florida State University Press, Tallahassee and MOEC, Government of Indonesia, 152 pp.   

8. Improving the Quality and Internal Efficiency of Education, W. McMahon, (with Boediono, and D. Adams), 1992, Florida State University Press, Tallahassee and MOEC, Government of Indonesia, 136 pp. 

9. Financing Education: Overcoming Inefficiency and Inequity (with T. G. Geske, eds.), 1983, University of Illinois Press, Urbana and London, 355 pp.                              9.Investment in Higher Education, 1974, D. C. Heath and Company, Lexington, Mass., 290 pp.

Articles

“Education’s Effects on Life’s Chances and on Development:An Overview”, (2013), British Journal of Educational Studies”, BJES,http://www.tandfonline.com/eprint/9juwsVqnFzjZmjJZQD9C/full 

“The External Benefits of Education” (2010) in D.J. Brewer and Patrick McEwan, eds, The Economics of Education, Elsevier.

“An Analysis of Education Externalities with Applications to Development in the Deep South, (2007), Contemporary Economic Policy, Vol 25,No 3, 459-482.

“Education Finance Policy: Financing the Non-Market and Social Benefits”, The Journal of Education Finance, (2006) December. .

“Lifelong Learning in Developing Countries: An Analysis with Estimates of Private Returns and Externalities”, (2004), The World Bank Policy Research Series, 66 pp. www.worldbank.org/education/lifelong_learning/

“The Social and External Benefits of Education” in the International Handbook on the Economics of Education, Geraint and Jill Johnes, eds, Edward Elgar, Publishers, 2004.

“The Social Outcomes of Education and Feedbacks on Growth in Africa”, (2002), The Journal of Development Studies, April (Vol. 38, No.4), pp.27-68.

“Dynamic Rates of Return to Education in the US”, (with Omar Arias), (2001), Economics of Education Review, Vol. 20, No.2, 121-138.

“Conceptual Framework for the Analysis of the Social Benefits of Lifelong Learning,” (1998), Education Economics, Vol. 6, No. 3, December, 307-343.

“Education and Growth in East Asia,” (1998), Economics of Education Review, Vol. 17, No. 2, (June), 159-172.

“Recent Advances in Measuring the Social and Individual Benefits of Education,” International Journal of Education Research, W. McMahon Guest Editor, Vol. 27, No. 6, (Dec) 1997, ISSN 0883-0355, Pergamon, 6 Chapters, 84 pp.

“Conceptual Framework for Measuring the Total Social and Private Benefits of Education,” (1997), in International Journal of Education Research, 27, No. 6, pp. 447-532.

“Intrastate Cost Adjustments,” (1996) in Selected Papers in School Finance, William J. Fowler, ed., National Center for Education Statistics, NCES 96-068, Office of Research and Improvement, U.S. Dept. of Education, Washington, DC, Cost of Living Index, & per capita income for 14,361 School Districts, and all counties and states at http://nces.ed.gov/edfin/data.html with paper at http://nces.ed.gov/edfin, August 1996, pp. 89-114.

“Investment Criteria and Financing Education for Economic Development,” Journal of Educational Planning and Administration, 7 pp.,1993.

“Vocational and Technical Education in Development: Theoretical Analysis of Strategic Effects on Rates of Returns” (with Jin Hwa Jung and Boediono), Economics of Education Review, Vol. 11, No. 3, November 1992, pp. 181‑194.

“Universal Basic Education: An Overall Strategy of Investment Priorities for Economic Growth,” Economics of Education Review, Vol. 11, No. 2, March 1992, pp. 137‑151.

“The Relative Returns to Human and Physical Capital in the U.S. and Effective Investment Strategies,” Economics of Education Review, Vol. 10, No. 4, Dec.1991, pp. 283‑296. (Includes estimates of the stocks of human, physical, and R&D capital).

“Geographical Cost of Living Differences: An Update,” AREUEA Journal of the American Real Estate and Urban Economics Association, Vol. 19, No. 3, Fall 1991, pp. 426‑450.

“The Cost Structure of American Research Universities” (with Hans de Groot), Review of Economics and Statistics, August 1991, pp. 424‑431.

“Education,” Illinois Economic Outlook, 1990, Bureau of Economic and Business Research, University of Illinois, Urbana, pp. 10-11.

“Potential Resource Recovery in Higher Education in the Developing Countries and the Parents’ Expected Contribution,” Economics of Education Review, Vol.7, No. 1, 1988, 135-52

“The Economics of Vocational and Technical Education: Do the Benefits Outweigh the Costs?” International Review of Education (UNESCO), Vol. 34, No. 2, (1988), pp. 173-94.

“The Relation of Education and R&D to Productivity Growth in the Developing Countries of Africa,” Economics of Education Review, Vol. 6, No. 2 (June 1987), pp. 183-194.

“Stagflation and Shortageflation: A Comparative Approach” (with Greg Kolodko), Kyklos, Vol. 40, No. 2 (June 1987), pp. 176-198.

“The Relation of Education and R&D to Productivity Growth,” Economics of Education Review, Vol. 3, No. 4 (December), 1984, pp. 299-314.

“Consumption Benefits of Education” in International Encyclopedia of Education: Research and Studies, T. Husen and T. N. Postlethwaite (eds.), Pergamon Press, Oxford, England, 1985, pp. 982-985.

“Expected Rates of Return to Education” in International Encyclopedia of Education, T. Husen and T. N. Postelthwaite (eds.), Pergamon, Oxford, 1985, pp. 1782‑1792.

“Externalities in Education,” in International Encyclopedia of Education, T. Husen and T. N. Postlethwaite (eds.), Pergamon, Oxford, 1985, pp. 1809-1812.

“Spillover Effects in Education,” in International Encyclopedia of Education, Pergamon, Oxford, 1985, Vol. 8, pp. 4774-4775.

“Personal Earnings Variation and Education” (with John Graham), in International Encyclopedia of Education, T. Husen and T. N. Postlethwaite (eds.), Pergamon, Oxford, 1985, pp. 3830-3839.

“Student Labor Market Expectations” in International Encyclopedia of Education, T. Husen and T. N. Postlethwaite (eds.), Pergamon, Oxford, 1985, pp. 4848‑4853.

“Option Value in Education,” International Encyclopedia of Education, T. Husen and T. N. Postlethwaite (eds.), Pergamon, Oxford, 1985, pp. 3686-3688.

“Research and Education” in Illinois Economic Outlook, 1984, R. Resek, W. Bryan, and A. Waldoff, Eds., Bureau of Economic and Business Research, University of Illinois, February 1984, pp. 10-11.

“Education” in Illinois Economic Outlook, 1983, R. Resek, W. Bryan, J. Schnell, and A. Waldoff, Eds., Bureau of Economic and Business Research, December 1982.

“Expected Returns to Investment in Higher Education” (with Alan Wagner), Journal of Human Resources, Vol. XVI, No. 2, July 1981, pp. 274-285.

“Women’s Expected Earnings and Their Investment in Higher Education” (with Marianne Ferber), Journal of Human Resources, Summer 1979, pp. 405-419.

“Predicting Inflation Rates with Changing Oil Prices” (with Douglas Goodman), Quarterly Review of Economics and Business, 19, No. 2 (1979), 35-46.

“Measuring Cost of Living Variation” (with Carroll Melton), Industrial Relations, 17, 3, 1978, pp. 324-332.

“A Broader Measure of Wealth and Effort for Educational Equality and Tax Equality,” Journal of Education Finance, 4, pp. 65-88, 1978.

“The Economics of Energy,” Illinois Business Review 34, 5, 8-10, June 1977.

“Influences of Investment by Blacks in Higher Education,” American Economic Review, 66, 2, 32-24, 1976.

“A Study of Consumer Portfolio Demands” (with Harrish Batra), Journal of Consumer Credit Management, 8, 1, 8-13, 1976.

“Economic and Demographic Effects on Investment in Higher Education,” The Southern Economic Journal, Vol. 41, No. 3, pp. 506-514, Jan. 1975.

“Policy Issues in the Economics of Higher and Related Research Opportunities in Britain and the United States,” Higher Education, Vol. 3, pp. 165-185, May 1974.

“Earmarking and the Theory of Public Expenditure” (with Case Sprenkle), National Tax Journal, Vol. 25, No. 2, pp. 229-230, June 1972.

“Cyclical Growth of Public Expenditure,” Public Finance, 26, No. 1, pp. 75-105, 1971.

“Weapons Against Unemployment and Inflation: Why Not Minimize the Social Costs (Cooling Out the Economy),” Trans-Action; Social Science and Modern Society, Vol. 8, No. 10, pp. 22-26, July 1971.

“An Economic Analysis of the Major Determinants of Expenditures on Public Primary and Secondary Education,” Review of Economics and Statistics, Vol. 52, No. 3, pp. 242-252, August 1970.

“A Theory of Earmarking” (with Case Sprenkle), National Tax Journal, Vol. 23, No. 3, September 1970, pp. 255-261.

“Agriculture in the U.S. Economy,” Agriculture Industries Forum, Department of Agricultural Economics and University Extension, 17 pp., January 19, 1963.

“Pricing Policy and Anti-Trust Developments,” Illinois Business Review, Vol. 19, No. 9, pp. 6-8, October 1962.

“Honors Objectives in Business,” The Superior Student, Vol. 3, No. 4, pp. 14-15, June 1960.

“Pricing Telephone Services,” AT&T Research Reports, 53 pp., Feb. 1960.

“Economic Growth, Price Stability, and the Federal Budget,” Illinois Business Review, Vol. 17, No. 2, pp. 6-8, Feb. 1960.

“Consumer Durables in the 1957-58 Recession,” Illinois Business Review, Vol. 15, No. 11, pp. 6-8, Sept. 1959.

“A Comment of Variable Annuities” (with R. M. Soldofsky), Journal of Finance, Vol. 12, No. 3, pp. 372-374.

Chapters in Books:

“The Social and Externality Benefits of Education”, in
International Handbook on the Economics of Education, Geraint and Jil Johnes Eds., Edward Elgar Publishers, 2004.

“Investment Criteria and Financing Education for Economic Development” in Jandhyala B.G. Tilak, ed., Education, Society, and Development,
National Institute of Educational Planning and Adm., New Delhi, 2004.

“The Impact of Human Capital on Non-Market Outcomes and Feedbacks on Economic Development” in The Contribution of Human and Social Capital to Sustained Economic Growth and Well-Being, John
Helliwell, ed, Government of Canada and OECD, OECD, Paris, Sept. 2001, pp. 136-71.

“The Measurement of Externalities, Non-Market Effects, and Trends in the Returns to Education”, in The Appraisal of Investments In Educational Facilitries, European Investment Bank/ OECD, OECD, Paris, 2000.

“Simulating Investment in Education and U.S. Productivity Growth; The Growing Economy,” in Orville Vernon Burton, T. Finnegan, and D. Herr eds., Wayfarer: Charting Advances in Social Science Computing, University of Illinois Press, Urbana, (August 2002).

“Using Evaluation Indicators to Track the Performance of Education Programs,” in Evaluation and Development, Proceedings of the 1994 World Bank Conference, World Bank Evaluation Department, Washington DC, 1995, pp. 179-85.

“Consumption Benefits of Education,” in International Encyclopedia of Education, Martin Carnoy, Stanford, and Neville Postlewaite, Oxford, eds., accepted for publication, 12 pp., 1994.

“A Balance Sheet For the U.S.: Human, Physical, and R&D Capital Stock Estimates” (with Mark Wasserman), in Budget Baselines, Historical Data, and Alternatives for the Future, U.S. Budget, Office of Management and the Budget, Executive Office of the President, Washington DC, pp. 519‑529.

“The Contribution of Higher Education to R&D and Productivity Growth,” in Higher Education and the Economic Growth, W. E. Becker and Darrell Lewis, eds., Kluwer Academic Publishers, Norwell, MA, December 1992, pp. 135‑151.

“The Economics of School Expansion,” Ch. 9, in The Political Construction of Education, Bruce Fuller and Ricky Rubinson, eds., Praeger Publishers, NY, May 1992, pp. 135‑151.

“Improving Higher Education Through Increased Efficiency,” Ch. 12, in Quality, Diversity, and Budgeting Efficiency, The Uneasy Public Policy Triangle in Higher Education, David H. Finifter, Rojer Baldwin, and John R. Thelin, eds., Macmillan Publishing Co., New York and MaxWell Macmillan International, Dec. 1991, pp. 144‑161.

“Investment Criteria and Financing Education for Economic Development,” North American Economics and Finance Association/Economic Development Institute Proceedings, Charles Becker, Douglas Poulson and Allen Rappaport, Co-Editors, Northern Iowa Press, 1991.

“The New Competition in Health Care; Implications for the Future,” Ch. 2 in Money, Power, and Health Care, Melhado, Feinberg, and Swartz, eds., Health Administration Press, Ann Arbor, 1988, pp. 103‑127.

“Consumption Benefits of Education,” in The Economics of Education, George Psacharopoulos, ed., Pergamon Press Ltd., Oxford, October 1987.

“Student Labor Market Expectations,” in The Economics of Education, in G. Psacharopoulos, ed., Pergamon, Oxford, October 1987.

“Expected Rates of Return,” in The Economics of Education, G. Psacharopoulos, ed., Pergamon, Oxford, October 1987.

“Personal Earnings Variation and Education” (with John Graham) in The Economics of Education, G. Psacharopoulos, ed., Pergamon, Oxford, October 1987.

“Externalities in Education,” in The Economics of Education, G. Psacharopoulos, ed., Pergamon, Oxford, October 1987.

“Spillovers in Education,” in The Economics of Education, G. Psacharopoulos, ed., Pergamon, Oxford, October 1987.

“Option Value in Education,” in The Economics of Education, G. Psacharopoulos, ed., Pergamon, Oxford, October 1987.

“The Role of Government (in Economic Development),” with Sarath Rajapatirana and Alasdair MacBean, Chapter 4, in the World Development Report 1987, The World Bank, Washington, DC, pp. 58-77.

“Sources of the Slowdown in Productivity Growth; A Structural Interpretation” in John W. Kendrick, ed., International Comparisons of Productivity and Causes of the Slowdown, American Enterprise Institute/Ballinger, Cambridge, Mass. (December) 1984, pp. 93-108.

“Why Families Invest in Education” in Seymour Sudman, ed., The Collection and Analysis of Economic and Consumer Behavior Data, University of Illinois Press, Fall 1984, pp. 75-91.

“Efficiency and Equity Criteria for Educational Budgeting and Finance,” Chapter 1 in W. McMahon and T. Geske, op. cit., 1983, pp. 1-30.

“The Monetary Returns to Education as Partial Social Efficiency Criteria” (with A. Wagner), Chapter 7 in W. McMahon and T. Geske, op. cit., 1983, pp. 150‑187.

“The Ability to Pay and Equity; An Analysis of Alternative Measures,” in Perspectives on School Finance, Carol E. Hanes, Editor, Springfield, Illinois: Illinois Office of Education, November 1977, pp. 67-73.

Republications in Other Works:

“The Cost Structure of American Research Universities” (with Hans de Groot), republished in Recent Developments in the Economics of Education, Johnes and Cohn, eds., Elgar Publishers Ltd., UK, 1994.

“The Relative Returns to Human and Physical Capital in the U.S. and Effective Investment Strategies,” republished in Recent Developments in the Economics of Education, Johnes and Cohn, eds., Elgar Publishers Ltd., UK, 1994.

“Stagflation and Shortageflation: A Comparative Approach” (with Gregorz Kolodko), republished as Chapter 24 in Comparative Economic Systems, Models and Cases, 6th Ed., by Morris Bernstein, Irwin, Homewood, IL, 1991, pp. 429‑445.

Book Reviews:

Achieving Schooling for All in Africa, Christopher Colclough, S. Al-Samerri, P. Rose, and M. Tembon, Ashgate Publishing Ltd., Gower House, Aldershot, England, and Burlington VT http://www.ashgate.com reviewed for Journal of African Economies, Oxford, forthcoming, 2004.

Education in the Twenty First Century, Ed Lazear, ed., Hoover Institution Press, 2004, reviewed for the Economics of Education Review, forthcoming, 2004.

R & D, Education and Productivity; A Retrospective, by Zvi Griliches, Harvard University Press, for the Economics of Education Review, Vol. 21 (2002), pp. 397-398.

The Economics of Education, 3rd ed., by Elchanan Cohn and Terry Geske, reviewed for the Economics of Education Review, 1992.

“Rates of Return in LDC Educational Policy: A Reply,” Canadian and International Education, Vol. 20, No. 3, 1991, pp. 69‑75.

Education for Development, by George Psacharopoulos and Maureen Woodhall, reviewed for Journal of Education Finance, June 1988.

Education and Economic Productivity by Edwin Dean, Journal of Economic Literature, XXIV, 1 (March 1986), pp. 137-9.

The Economics of University Behavior by David Garvin, Academic Press, in American Journal of Education, University of Chicago Press, Vol. 92, No. 4 (August), 1984, pp. 510-515.

Schooling Experience and Earnings, by Jacob Mincer, Journal of Economic Literature, Vol. 13, No. 2, June 1975, pp. 544-545.

Economics and the Policy Maker by Sidney Alexander, Current Economic Comment, Vol. 12, No. 3, Aug. 1960, pp. 61-3.

Government and World Bank Reports:

Financing and Achieving “Education For All” Goals in Indonesia, Ministry of National Education, The World Bank, and UNESCO, Jakarta, (Final Report), May 19, 2003, 55 pp. plus 6 EXCEL Tables.

“Endogenous Growth in East Asia” paper for the World Bank, Staff Conference in Seoul, Korea, June 1995, 29 pp.

“The Contribution of Secondary Education to Growth and Development in Japan, South Korea, Malaysia, Thailand, and Indonesia,” for the World Bank, Staff Conference in Seoul, Korea, June 1995, 41 pp.

Fiscal Constraints, Cost Efficiency, and Determination and Evaluation of Fees on Users,” Kuwait Institute for Scientific Research, Government of Kuwait, July 1995.

Simulating Human-Resource-Led Development, (with Luis Crouch), Report and computer program measuring the economic and non-monetary social impacts of education operational for 18 Latin American countries, USAID Washington and Academy for Educational Development, June 1995.

Achieving Improved Universal Education Grades 1-9 in Indonesia: Estimated Budget and Growth, Efficiency, and Poverty-Reduction Impacts (with Boediono, Hidiyat, and Mulyani), Ministry of Education and Culture BAPPENAS, and USAID, Jakarta, 35 pp., May 1994.

Estimates of the Total Budget for Education; Relationships of National, Provincial, and Local Budgets, and an Improved Funding Formula, for the Ministry of Education and Culture and USAID, Jakarta, June 1994.

Higher Education and Development (HEAD) (with Jerry French), Project Design for new USAID Higher Education Center, USAID, 54 pp., December 8, 1992.

The Second 25 Year Long Term Development Plan and the Sixth Five Year Development Plan for Education and Culture (with Boediono and the National Task Force), Government of Indonesia, 44 pp., August 1992.

Economic and Financial Analysis of Human Resource Development in Nepal (with Jay Salkin), Ch. 2 of the Education and Human Resource Development Sector Review, Government of Nepal and USAID, IEES, Educational Efficiency Clearing House, Florida State University, Tallahassee, May 1988, pp. 2-173.

Country Implementation Plan, Indonesia (with Jack Bock), U.S. Agency for International Development, IEES, Tallahassee, February 1987, 144 pp.

Project Design, Pakistan Primary Education and Development Project PID (with Donald Adams), for USAID/Pakistan. Sole author of the Economic and Financial Analysis chapter and primary author of sections on “Rationale,” “Project Description,” “Financial Considerations,” “Economic Considerations,” and “Incentives,” USAID, Islamabad, October 1988.

Project Design, Pakistan Higher Education Institutional Excellence Project (PP) (with Dick Fehnel). Authored the “Economic and Financial Analysis” chapter, and the “Program Budget” (a program to improve research and training in Pakistan’s universities), USAID, Islamabad, Feb. 1988.

Project Design, Malawi Institutional HRD Development Project (PP) (with Earl Yates). Authored the “Economic Analysis” chapter, the “Financial Analysis” chapter, the “Financial Plan,” and co-authored other aspects of the project design.

Indonesian Education and Human Resource Sector Review, including “Executive Summary,” (with Jack Bock), 89 pp., and “Economic and Financial Analysis,” (with Beroit Millot and Gweneth Eng), 587 pp., Learning Systems Institute, Florida State University, Tallahassee, for U.S. Agency for International Development, April 1986, 646 pp.

“Allocation and Use of Human Resources on Campus” (with Robert Bohl),
Campus Report, Office of the Chancellor, Urbana-Champaign, 9, 7, 3-4, 1976.

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