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Higher Learning, Greater Good PDF
By:Walter W. McMahon
Published on 2010-04-01 by JHU Press

A college education has long been acknowledged as essential for both personal success and economic growth. But the measurable value of its nonmonetary benefits has until now been poorly understood. Walter W. McMahon, a leading education economist, carefully describes these benefits and suggests that higher education accrues significant social and private benefits. McMahon's research uncovers a major skill deficit in the United States and other OECD countries owing to technical change and globalization. Yet a college degree brings better job opportunities, higher earnings, and even improved health. Higher education also promotes democracy and sustainable growth and contributes to reduced crime and lower state welfare and prison costs. These social benefits are substantial in relation to the costs of a college education. Offering a human capital perspective on these and other higher education policy issues, McMahon suggests that poor understanding of the value of nonmarket benefits leads to private underinvestment. He offers policy options that can enable state and federal governments to increase investment in higher education. -- David Shulenburger

This Book was ranked at 14 by Google Books for keyword children's education is expensive. in some countries the government pays some of or all of the costs.

Book ID of Higher Learning, Greater Good's Books is uIkQZ7hy-tYC, Book which was written byWalter W. McMahonhave ETAG "/FRQoLYxjic"

Book which was published by JHU Press since 2010-04-01 have ISBNs, ISBN 13 Code is 9780801896781 and ISBN 10 Code is 0801896789

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Book which have "432 Pages" is Printed at BOOK under CategoryEducation

Book was written in en

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