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The Returns to Education


The Returns to Education " This paper reviews the literature that has tried to estimate the impact of human capital on national economic growth, or, in other words, the returns to education that accrue at the macro-economic level. The potential economic externalities to education should, in principle, be captured at this level of aggregation. The larger are these social returns, the greater is the prima facie case for channelling public resources into education. "The returns to education: a review of the empirical macro-economic literature" by Barbara Sianesi and John Van Reenen is published by the Institute for Fiscal Studies..


By Institute for Fiscal Studies , UK.

Macro Economic Policy Resource.