ERIC Number: ED348730
Record Type: RIE
Publication Date: 1992
Reference Count: N/A
Linking Investment in Education to Economic Growth.
Fennell, Brian H.
The relationship between investment in education and economic growth in Alberta, Canada, is explored in this paper, which examines the value of education to the individual in terms of rate of employment and salary. Assuming earning differentials to be a measure of the contribution of education to economic growth, the lifetime earnings of high school graduates were compared to those of two groups: those with less than grade 9 education and those with some high school education. Findings indicate that completion of high school is profitable, especially for females, and that a direct positive relationship exists between education spending and the gross domestic product (GDP) in Alberta. A conclusion is that educated people earn higher salaries and contribute more to the economy in terms of increased productivity and spending and that there are good reasons why the completion of high school and public investment in education should be encouraged. Seven figures and 15 tables are included. Appendices contain data on male and female average incomes in Alberta, the GDP, and basic education costs. (Contains 24 references.) (LMI)
Publication Type: Speeches/Meeting Papers; Reports - Research
Education Level: N/A
Authoring Institution: N/A
Note: Paper presented at the Annual Meeting of the American Education Finance Association (New Orleans, LA, March 1992).