Social and nonmarket benefits from education in an advanced economy

Haveman, Robert H.; Wolfe, Barbara L.

Conference Paper

Social and nonmarket benefits from education in an advanced economy

Abstract: The extent to which human capital, especially schooling, contributes to social well-being and economic growth is an important question, and has been addressed in numerous research studies. The results of these studies are diverse, and hence controversial and widely debated. Evidence on this issue has important implications for public policies toward education and the optimal public/private balance in the financing of educational services.

Keywords: Education;

Status: Published in Education in the 21st century: meeting the challenges of a changing world