Private and Social Returns to Education

Enrico Moretti

Rivista di Politica Economica, 2006, vol. 96, issue 3, 3-46

Abstract: Investment in human capital generates significant private returns. Why do governments use public funds to subsidize an investment that has significant private benefits? In this paper, I explore the theoretical rationales for public intervention in education, with a particular focus on human capital externalities. I also describe the existing empirical evidence on the relevance of each of these rationales.

JEL-codes: I2 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:rpo:ripoec:v:96:y:2006:i:3:p:3-46

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