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Direct linkWoessmann, Ludger – Education Economics, 2016
The case for education can be made from many perspectives. This paper makes the case for education based on economic outcomes. Surveying the most recent empirical evidence, it shows the crucial role of education for individual and societal prosperity. Education is a leading determinant of economic growth, employment, and earnings in modern…
Descriptors: Role of Education, Evidence, Economic Impact, Economic Development
Biddle, Nicholas – Education Economics, 2013
In this paper, the 2001 Australian Census is used to estimate predicted net benefits of education at a small geographic level. These are then linked to youth in the areas to test the associations with high school participation. This is done separately for Indigenous youth, a population sub-group with historically low levels of education…
Descriptors: Indigenous Populations, Cost Effectiveness, Foreign Countries, Educational Benefits
Arrazola, M.; De Hevia, J.; Risueno, M.; Sanz, J. F. – Education Economics, 2003
In this article, rates of return to education for Spanish male employees are calculated and compared using different methods. We derive rates of return from the estimation of three alternative models of human capital. The rates of return obtained by each of these models are different when they are calculated by least squares. Nevertheless, when…
Descriptors: Outcomes of Education, Foreign Countries, Models, Least Squares Statistics
