Investment in Education: Private and Public Returns

Joshua Hall

No 16-05, Working Papers from Department of Economics, West Virginia University

Abstract: There is a strong consensus among economists that formal education is an important determinant of individual earnings as well as economic growth. The importance of formal education has been magnified by recent economic trends underlying U.S. labor market demand for skilled workers. The following is an analysis of the importance of education to both the individuals acquiring education and of the benefits received by society resulting from increased educational attainment.

Keywords: education; private returns; public returns (search for similar items in EconPapers)
Pages: 19 pages
Date: 2016-06
New Economics Papers: this item is included in nep-edu
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Citations: View citations in EconPapers (4)

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