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The economic payoff to investing in educational justice

In: Investigaciones de Economía de la Educación 5

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Author Info

  • Henry M. Levin

    ()
    (Columbia University)

Abstract

The quest for educational equity is a moral imperative for a society in which education is a crucial determinant of life chances. Yet whether there is an economic return to the taxpayer for investing in educational justice is often not considered. It is possible that the economic benefits of reducing inadequate education exceed the costs, returning a healthy dividend to the taxpayer. This article addresses a four-decade quest to ascertain the fiscal consequences of investing in effective approaches to reduce inadequate education in the United States. It uses economic analysis to calculate both the costs of effective strategies to raise high school graduation rates and their benefits to the taxpayer in higher tax revenues and reduced costs of criminal justice, public health, and public assistance. The results suggest that improving educational justice provides substantial returns to taxpayers that exceed the costs.

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This chapter was published in:

  • María Jesús Mancebón-Torrubia & Domingo P. Ximénez-de-Embún & José María Gómez-Sancho & Greg (ed.), 2010. "Investigaciones de Economía de la Educación," E-books Investigaciones de Economía de la Educación, Asociación de Economía de la Educación, edition 1, volume 5, number 05, 9.
    This item is provided by Asociación de Economía de la Educación in its series Investigaciones de Economía de la Educación volume 5 with number 05-00.

    Handle: RePEc:aec:ieed05:05-00

    Note: Levin, Henry, M., Educational Researcher 38(1) pp. 5-20, copyright © 2009 AERA. Reprinted by permission of SAGE Publications
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    Web page: http://www.economicsofeducation.com
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    Related research

    Keywords: benefits; costs; economics of education; educational equity; educational finance; educational investments; return on investment;

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    Cited by:
    1. Smyth, Emer & McCoy, Selina, 2009. "Investing in Education: Combating Educational Disadvantage," Research Series, Economic and Social Research Institute (ESRI), number RS006, September.
    2. Smyth, Emer & McCoy, Selina, 2011. "Improving Second-level Education: Using Evidence for Policy Development," Papers EC5, Economic and Social Research Institute (ESRI).

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