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Investment in Education: Private and Public Returns

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  • Joshua Hall

    (West Virginia University, Department of Economics)

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.

Suggested Citation

  • Joshua Hall, 2016. "Investment in Education: Private and Public Returns," Working Papers 16-05, Department of Economics, West Virginia University.
    • Handle: RePEc:wvu:wpaper:16-05
    as

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    File URL: https://researchrepository.wvu.edu/cgi/viewcontent.cgi?article=1186&context=econ_working-papers
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    References listed on IDEAS

    as
    1. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
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    3. An, Chong-Bum & Haveman, Robert & Wolfe, Barbara, 1993. "Teen Out-of-Wedlock Births and Welfare Receipt: The Role of Childhood Events and Economic Circumstances," The Review of Economics and Statistics, MIT Press, vol. 75(2), pages 195-208, May.
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    5. Henry S. Farber, 1995. "Are Lifetime Jobs Disappearing? Job Duration in the United States: 1973-1993," NBER Working Papers 5014, National Bureau of Economic Research, Inc.
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    7. Nestor E. Terleckyj, 1976. "Household Production and Consumption," NBER Books, National Bureau of Economic Research, Inc, number terl76-1.
    8. Jacob Mincer, 1993. "Studies In Human Capital," Books, Edward Elgar Publishing, number 316.
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    Cited by:

    1. repec:wvu:wpaper:10-15 is not listed on IDEAS
    2. Richard J. Cebula & Joshua C. Hall & Maria Y. Tackett, 2017. "Non-public competition and public school performance: evidence from West Virginia," Applied Economics, Taylor & Francis Journals, vol. 49(12), pages 1185-1193, March.
    3. Brewer, Laura., 2004. "Youth at risk : the role of skills development in facilitating the transition to work," ILO Working Papers 993733893402676, International Labour Organization.
    4. Mahmoud K. Eljafari, 2008. "Patterns of Private Investments in Palestinian Higher Education: Potential and Constraints," Working Papers 442, Economic Research Forum, revised 09 Jan 2008.

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    Keywords

    education; private returns; public returns;
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