The Value of Investment in Education: Theory, Evidence, and Policy

Autor/in	Psacharopoulos, George
Titel	The Value of Investment in Education: Theory, Evidence, and Policy
Quelle	In: Journal of Education Finance, 32 (2006) 2, S.113-136 (24 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0098-9495
Schlagwörter	Human Capital; Outcomes of Education; Social Capital; Well Being; Educational Equity (Finance) + Suchen Sie Ihr Suchwort? Humankapital; Lernleistung; Schulerfolg; Sozialkapital; Well-being; Wellness; Wohlbefinden
Abstract	This article presents a broad overview of human capital theory and presents highlights of the most recent evidence on the private and social returns to education. A distinction is made between the narrow social returns, as traditionally estimated in the economics of education literature, and the wide social returns that include externalities. The distributive implications of particular education finance policies are discussed. It is concluded that the education finance policies most conducive to social welfare are those that give priority to investment in the lower levels of education, including preschool, and the acquisition of general, rather than occupation-specific, skills. (Contains 6 figures and 16 tables.) (Author).
Anmerkungen	University of Illinois Press. 1325 South Oak Street, Champaign, IL 61820-6903. Tel: 217-244-0626; Fax: 217-244-8082; e-mail: journals@uillinois.edu; Web site: http://www.press.uillinois.edu/journals/main.html
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10