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

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 with relatively little education. Science, technology, engineering, and mathematics (STEM) graduates appear to have especially strong external effects, due to their role in stimulating innovation and economic growth. Several strategies to test for causality find human capital externalities do exist.

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Year of publication:	2015
Authors:	Winters, John V.
Published in:	IZA World of Labor. - Bonn : Institute for the Study of Labor (IZA), ISSN 2054-9571. - 2015
Publisher:	Bonn : Institute for the Study of Labor (IZA)
Subject:	human capital \| education \| schooling \| externalities \| earnings \| employment

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.15185/izawol.130 [DOI] 847931927 [GVK] hdl:10419/125358 [Handle] RePEc:iza:izawol:journl:y:2015:n:130 [RePEc]
Classification:	J2 - Time Allocation; Work Behavior; Employment Determination and Creation ; R2 - Household Analysis ; I2 - Education
Source:	EconStor

Persistent link: https://www.econbiz.de/10011404964