ISBN:
9780833047427
,
0833049372
,
0833047426
,
9780833049377
Language:
English
Pages:
1 Online-Ressource (xxiii, 117 pages)
Series Statement:
Rand Corporation monograph series MG-686-WFHF
Parallel Title:
Print version Carroll, Stephen J., 1940- Benefits to taxpayers from increases in students' educational attainment
Keywords:
Income tax
;
Education Finance
;
Public schools Finance
;
Income tax
;
Education
;
Public schools
;
SOCIAL SCIENCE ; Children's Studies
;
Education ; Finance
;
Income tax
;
Public schools ; Finance
;
Theory & Practice of Education
;
Education
;
Social Sciences
;
United States
;
EDUCATION ; Educational Policy & Reform ; General
;
Electronic books
Abstract:
Meeting the educational demands of the future will be expensive; however, in most states, public schools from kindergarten through the university level already experience budgetary challenges. Policymakers face the challenge of motivating taxpayers to provide the funds needed to meet mounting education needs. In this volume, Carroll and Erkut examine the financial benefits that taxpayers - regardless of whether they have children in school - realize from increases in educational attainment. First, investments in education benefit taxpayers because the investments produce more highly educated individuals, who tend to earn more income than those with lower levels of education and pay more in taxes, thus contributing more to programs such as Social Security. Second, more highly educated individuals are less likely to draw on social support programs, such as Medicare. And finally, more highly educated individuals are less likely to commit crimes, so increases in educational attainment reduce public spending on incarceration. Carroll and Erkut estimate the monetary value of these benefits over an individual's lifetime and how they vary as a result of education level
Abstract:
Meeting the educational demands of the future will be expensive; however, in most states, public schools from kindergarten through the university level already experience budgetary challenges. Policymakers face the challenge of motivating taxpayers to provide the funds needed to meet mounting education needs. In this volume, Carroll and Erkut examine the financial benefits that taxpayers - regardless of whether they have children in school - realize from increases in educational attainment. First, investments in education benefit taxpayers because the investments produce more highly educated individuals, who tend to earn more income than those with lower levels of education and pay more in taxes, thus contributing more to programs such as Social Security. Second, more highly educated individuals are less likely to draw on social support programs, such as Medicare. And finally, more highly educated individuals are less likely to commit crimes, so increases in educational attainment reduce public spending on incarceration. Carroll and Erkut estimate the monetary value of these benefits over an individual's lifetime and how they vary as a result of education level
Note:
Includes bibliographical references (pages 113-117)
URL:
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