Do higher levels of education and skills in an area benefit wider society?

Article OPEN
Winters, John V.;
(2015)
  • Publisher: Bonn: Institute of Labor Economics (IZA)
  • Journal: IZA World of Labor, issue March, pages 1-10
  • Identifiers: doi: 10.15185/izawol.130, doi: 10.15185/izawol.130.v2
  • Subject: R2 | human capital | education | J2 | I2 | employment | human capital, education, schooling, externalities, earnings, employment | earnings | externalities | schooling
    • jel: jel:R2 | jel:I2 | jel:J2
      ddc: ddc:330

Formal schooling increases earnings and provides other individual benefits. However, societal benefits of education may exceed individual benefits. Research finds that increased average education levels in an area are correlated with higher earnings, even for locals wit... View more
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