Investment in Education
Bibliographic Data
| ID | 9730570 |
|---|---|
| Authors | D W Jorgenson (0000-0002-1346-7940, Harvard University Press, corresponding author), Barbara M Fraumeni (Northeastern University, Boston, Massachusetts 02115.) |
| Year | 1989 |
| Volume | 18 |
| Issue | 4 |
| Pages | 35-44 |
| Publication date | 1989-05-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Educational Researcher (JOURNAL) |
| Journal identifiers | ISSN: 0013-189X • E-ISSN: 1935-102X |
| Publisher | American Educational Research Association (AERA) (PUBLISHER) |
| DOI | 10.3102/0013189x018004035 |
| OpenAlex | W2066328829 |
| Language | EN |
| Citations received | 18 |
| References cited | 22 |
The purpose of this paper is to present new measures of the benefits from education. These measures are based on the incremental effect on human wealth of participation in formal schooling. We define human wealth as the sum of lifetime labor incomes for all individuals in the U.S. population. These incomes include the value of time spent working and the value of nonmarket labor activities, which are defined to include parenting and the enjoyment of leisure. Our estimates of lifetime labor incomes are drawn from an extensive data base on income from work. We have enlarged this data base to incorporate the value of nonmarket activities. We compare our estimates of investment in education and human wealth with estimates based on the expenditures of educational institutions. We find that these expenditures are very much smaller than the benefits of education
Current Population Survey · Demographic economics · Economic growth · Economics · Factor market · Human capital · Investment (military · Labour economics · Mathematics education · Microeconomics · Nonmarket forces · Political science · Politics · Population · Sociology · Value (mathematics · Work (physics · Education Systems and Policy · Financial Literacy, Pension, Retirement Analysis · Fiscal Policy and Economic Growth · Gender, Labor, and Family Dynamics · Psychology
Rebooting Irish higher education
Using respondents′ free comments to improve college curricula
The Effects of Class Size on Student Achievement
National curriculum in Australia
‘[An] historic culture … rapidly, universally, and thoroughly restored’? British influence on Irish education since 1922
Ministers, bishops and the changing balance of power in Irish education 1950–70
Restructuring Teacher Education in Australia
Determinants of Primary Schooling in British India
Foreign aid for education
Traders, Teachers, and Tyrants
The value of education to health
Gender, Language, and Society
Advantages and challenges of using inclusive evaluation approaches in evaluation practice1
Gary S. Becker
Economic analysis of World Bank education projects and project outcomes
Costs of education in India
The private and societal economic costs of teenage childbearing
Human Capital, Fertility, and Economic Growth
The production and distribution of knowledge in the United States.
Schooling and Economic Well-Being
The Political Economy of Industrial Democracies
The Formation and Stocks of Total Capital
Human capital and economic growth
Vital Statistics of the United States, 1938
Financing Education
Financing Education
Education and Economic Productivity
Effects of Cohort Size on Earnings
The Valuation of Human Capital
A Theory of the Allocation of Time
Explaining public education expenditure in OECD nations
The Impact of Federalism on Education Finance
Socioeconomic Environment, Political System, and Educational Policy Outcomes
Political Parties and Macroeconomic Policy
Political Parties, World Demand, and Unemployment
| Unique citing works | 18 |
|---|---|
| Citations per year | 0,47 |
| Citation span | 1988 - 2018 (31) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 16 |