The benefits to taxpayers from increases in students' educational attainment / Stephen J. Carroll, Emre Erkut.

Author/creator Carroll, Stephen J., 1940-
Other author Erkut, Emre.
Format Book
Publication InfoSanta Monica, CA : RAND, 2009.
Descriptionxxiii, 117 pages : illustrations ; 26 cm.
Supplemental ContentLink to electronic version
Subjects

SeriesRand Corporation monograph series ; MG-686-WFHF
Rand Corporation monograph series ; MG-686-WFHF. ^A1010738
Abstract Meeting the educational demands of the future will be expensive; however, in most states, public schools from kindergarten through the university level already experience budgetary challenges. Policymakers face the challenge of motivating taxpayers to provide the funds needed to meet mounting education needs. In this volume, Carroll and Erkut examine the financial benefits that taxpayers - regardless of whether they have children in school - realize from increases in educational attainment. First, investments in education benefit taxpayers because the investments produce more highly educated individuals, who tend to earn more income than those with lower levels of education and pay more in taxes, thus contributing more to programs such as Social Security. Second, more highly educated individuals are less likely to draw on social support programs, such as Medicare. And finally, more highly educated individuals are less likely to commit crimes, so increases in educational attainment reduce public spending on incarceration. Carroll and Erkut estimate the monetary value of these benefits over an individual's lifetime and how they vary as a result of education level.
Bibliography noteIncludes bibliographical references (p. 113-117).
Other formsAlso issued online.
LCCN 2009024776
ISBN9780833047427 (pbk. : alk. paper)
ISBN0833047426 (pbk. : alk. paper)
Technical rpt numberMG-686-WFHF

Availability

Library Location Call Number Status Item Actions
Joyner General Stacks LB2825 .C315 2009 ✔ Available Place Hold