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Peer reviewedPaulsen, Michael B. – Thought & Action, 1996
An earlier article in this journal is revised to reflect more accurately the data from a study by including data from Alaska and Hawaii. The study concerned the influence of investment in higher education on state workforce productivity. It is concluded that this impact is substantial, and that increased investment would raise further the growth…
Descriptors: Economic Impact, Higher Education, Investment, Labor Economics
Peer reviewedPaulsen, Michael B. – Thought & Action, 1996
Four kinds of evidence demonstrating substantial social benefits resulting from public expenditures on higher education are discussed: (1) social rates of return; (2) nonmonetary benefits; (3) local economic activity; and (4) national economic growth. A recent study of the effect of investment in higher education on workforce productivity is…
Descriptors: Cost Effectiveness, Economic Development, Economic Impact, Federal Aid
