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Peer reviewedPencavel, John – Journal of Economic Education, 1991
Provides a review of research on the contribution of education to the organization and productivity of a nation's resources. Focuses on what is known about the particular contribution of higher education to U.S. economic growth. Discusses the relationship between earnings and additional schooling. Concludes that increased education probably has…
Descriptors: Economics, Educational Economics, Higher Education, Human Capital
Download full textTsang, Mun C. – 1988
The cost of education to a country consists of total public education expenditures, total direct private cost, and total indirect private cost measured in terms of foregone earnings; improperly estimated educational costs focus only on government education expenditures. Considerable progress has been made in conceptual understanding of educational…
Descriptors: Cost Effectiveness, Cost Estimates, Developing Nations, Economic Development
