¿Es rentable para el sector público invertir en educación?
AbstractThe present paper analyzes one of the advantages that a country can derive from people with higher educational levels, i.e. higher tax revenues resulting from the higher earnings from higher school attainment.More specifically, we test whether the marginal revenue obtained by the public sector from taxpayers holding an additional educational level is higher than the marginal public expenditure on them. To accomplish this aim, we extend Psacharopoulos (1981) analysis and calculate internal rates of return for public expenditure in schooling. Our results suggest that taxpayers with an additional educational level, including those attaining post-compulsory educational levels, are profitable for the public sector.
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Bibliographic InfoArticle provided by IEF in its journal Hacienda Pública Española/Revista de Economía Pública.
Volume (Year): 188 (2009)
Issue (Month): 1 (March)
Education expenditure; tax burden; internal rate of return.;
Find related papers by JEL classification:
- I2 - Health, Education, and Welfare - - Education
- H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
- H5 - Public Economics - - National Government Expenditures and Related Policies
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Temi di discussione (Economic working papers)
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