The Private and Fiscal Returns to Schooling in the European Union

Angel de La Fuente () and Juan F Jimeno

Journal of the European Economic Association, 2009, vol. 7, issue 6, 1319-1360

Abstract: We present estimates of the private and fiscal returns to schooling in 14 European Union countries. Estimates of the private returns to post-compulsory formal education take into account the effects of schooling on wages and employment probabilities and allow for academic failure rates, the direct and opportunity costs of education, and the impact of personal taxes, social security contributions, and unemployment and pension benefits on lifetime earnings. Estimates of fiscal returns capture the long-term effects of a marginal increase in average educational attainment on public finances under conditions that approximate general equilibrium. (JEL: I20, J31, H60). (c) 2009 by the European Economic Association.

JEL-codes: H60 I20 J31 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:tpr:jeurec:v:7:y:2009:i:6:p:1319-1360

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