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Human Capital and the Role
The Benefits of Education
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achievement addition analysis approach argues average basic benefit-cost calculated categorical grants coefficients Cohn collective bargaining costs countries developed differentials discount dollars economic growth Economics of Education economies of scale educational investment effect elementary and secondary enrollment equal equation equity estimated example factors faculty federal aid funds Gini coefficient growth accounting high school higher education human capital IHEs increased individual inputs institutions IRORs labor market lifetime earnings loans Lorenz curve males manpower measures monopsony national income obtained output per-pupil percent percentage personal income present value production function programs property tax Psacharopoulos public schools pupil rates of return ratio recent relative returns to education revenues school districts school finance secondary schools social studies Table tax credit tax effort tax incidence tax rate teacher salaries teaching tuition United variables variation wages wealth neutrality