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ERIC Number: ED506865
Record Type: Non-Journal
Publication Date: 2009
Pages: 142
Abstractor: As Provided
Reference Count: 67
ISBN: ISBN-978-0-8330-4742-7
The Benefits to Taxpayers from Increases in Students' Educational Attainment. Monograph
Carroll, Stephen J.; Erkut, Emre
RAND Corporation
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. Four appendices are included: (1) Data and Sources; (2) Estimating Tax Payments; (3) Social Program Participation and Costs; and (4) Incarceration Cost Estimations. (Contains 15 figures, 36 tables, and 11 footnotes.)
RAND Corporation. P.O. Box 2138, Santa Monica, CA 90407-2138. Tel: 877-584-8642; Tel: 310-451-7002; Fax: 412-802-4981; e-mail:; Web site:
Publication Type: Numerical/Quantitative Data; Reports - Research
Education Level: Adult Education
Audience: Parents; Teachers; Administrators; Researchers; Policymakers
Language: English
Sponsor: William and Flora Hewlett Foundation
Authoring Institution: RAND Education
Identifiers - Laws, Policies, & Programs: Social Security