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The private and fiscal returns to schooling in the European Union

AuthorsFuente, Ángel de la CSIC ; Jimeno, Juan Francisco
European Union
Issue Date15-Mar-2008
SeriesJournal of the European Economic Association 7(6): 1319-1360 (2009)
AbstractWe present estimates of the private and fiscal returns to schooling in 14 European Union countries. Estimates of the private returns to post-compulsory formal education take into account the effects of schooling on wages and employment probabilities and allow for academic failure rates, the direct and opportunity costs of education, and the impact of personal taxes, social security contributions, and unemployment and pension benefits on lifetime earnings. Estimates of fiscal returns capture the long-term effects of a marginal increase in average educational attainment on public finances under conditions that approximate general equilibrium. (JEL: I20, J31, H60).
DescriptionEl pdf del artículo es el documento de trabajo publicado con el titulo The private and fiscal returns to schooling and the effect of public policies on private incentives to invest in education: a general framework and some results for the EU.
Publisher version (URL)http://dx.doi.org/10.1162/JEEA.2009.7.6.1319
Appears in Collections:(IAE) Artículos
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