ERIC Number: ED127856
Record Type: RIE
Publication Date: 1976-Feb
Reference Count: 0
The Productivity and Screening Effects of Educational Attainment.
Froomkin (Joseph) Inc., Washington, DC.
Until now, the economic analysis of education has not contributed effectively to policy formation because it has failed to answer (1) the question of who benefits from education, and (2) the concomitant question of the best way to finance education, particularly postsecondary education. The reasons for this failure have been the lack of consensus among economists about the effects of educational attainment upon the productivity of the economy, and about the distribution of benefits from additional schooling. Recent discussion on these subjects is reviewed. Three sections are presented: (1) a summary of the discussion of the effects on educational attainment of productivity in the light of recent controversies surrounding the aggregate production function; (2) an analysis of recent writings on the benefits (rates of return) of educational investment and the manner in which these benefits are distributed; and (3) an analysis of the implications of these two topics upon federal policy for education. (Author/LBH)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Froomkin (Joseph) Inc., Washington, DC.