ERIC Number: ED462572
Record Type: Non-Journal
Publication Date: 2001
Reference Count: N/A
Education and the Common Good: Social Benefits of Higher Education in Kentucky.
Watts, Amy L.
The returns that Kentucky can expect on its investments in higher education were examined in an analysis that identified some of the social benefits accompanying earning a degree from a four-year college and established a value for those benefits. The analysis was based on 12 models that were estimated by using datasets from semiannual surveys of Kentucky residents conducted by the University of Kentucky Survey Research Center. The following were among the benefits identified: (1) economic benefits in the form of higher earnings and higher state and federal tax revenues to fund tax-supported programs; (2) reduced welfare dependency; (3) lower crime costs; (4) healthier lifestyles; (5) social gains, including increased volunteerism, charitable giving, and participation in and leadership of community organizations; and (6) various immeasurable benefits, including reading to children and increased levels of participation in cultural activities. The lifetime social benefits of a four-year degree were estimated at more than $126,000 for men and $96,000 for women. (Twenty tables/figures are appended. The following items are appended: (1) descriptions of the Kentucky survey data and models; (2) an estimate of the additional federal and state tax revenues resulting from participation in higher education; and (3) expected costs of incarcerating men and women in Kentucky.) (MN)
Descriptors: Bachelors Degrees, Citizen Participation, Colleges, Cost Effectiveness, Crime, Cultural Enrichment, Cultural Exchange, Educational Benefits, Entrepreneurship, Glossaries, Health Behavior, Higher Education, Income, Leadership, Life Style, Models, Paying for College, Postsecondary Education, Reading, Salary Wage Differentials, Smoking, Social Capital, Social Change, State Surveys, Student Costs, Taxes, Technological Literacy, Universities, Welfare Recipients, Well Being
Kentucky Long-Term Policy Research Center, 111 St. James Court, Frankfort, KY 40601-8486. Web site: http://www.kltprc.net.
Publication Type: Information Analyses; Reports - Research
Education Level: N/A
Authoring Institution: Kentucky Long-Term Policy Research Center, Frankfort.
Identifiers - Location: Kentucky