Private vs. Social Returns to Higher Education: Some New Cross-Sectional Evidence.

University presidents and some academic economists assert that expenditures on higher education further human capital formation and thus promote economic growth. Rising earnings differentials between college and high school educated persons seem consistent with this hypothesis. Statistical evidence,...

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Publicado en:Journal of Labor Research Vol. 25; no. 4; pp. 677 - 687
Autor principal: Vedder, Richard
Formato: Artículo
Publicado: Springer Science & Business Media B.V. Fall 2004
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Private vs. Social Returns to Higher Education: Some New Cross-Sectional Evidence.
      aug:
        au: Vedder, Richard
      su:
        University & college finance
        Higher education & economics
        Education & economics
        College graduates
        Economic history
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        subj:
          University & college finance
          Higher education & economics
          Education & economics
          College graduates
          Economic history
      ab: University presidents and some academic economists assert that expenditures on higher education further human capital formation and thus promote economic growth. Rising earnings differentials between college and high school educated persons seem consistent with this hypothesis. Statistical evidence, however, suggests that increased state governmental spending on universities is negatively associated with economic growth, even though having more college graduates, ceteris paribus, is growth enhancing. Further evidence shows that governmental higher education spending has little impact on college participation. The notions that colleges are primarily credentialing devices and that universities have used incremental funds largely for non-instructional purposes are consistent with the results. Reprinted by permission of the publisher.
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      doctype: Article
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    language: English
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