Higher learning, greater good : the private and social benefits of higher education
Author(s)
Bibliographic Information
Higher learning, greater good : the private and social benefits of higher education
Johns Hopkins University Press, 2009
- : hbk
Available at 9 libraries
  Aomori
  Iwate
  Miyagi
  Akita
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  Tochigi
  Gunma
  Saitama
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  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
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  United Kingdom
  Germany
  Switzerland
  France
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  United States of America
Note
Includes bibliographical references (p. 383-403) and index
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Description and Table of Contents
Description
Winner, Best Book in Education, PROSE Awards, Professional and Scholarly Publishing Division, Association of American Publishers 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. In Higher Learning, Greater Good, leading education economist Walter W. McMahon carefully describes these benefits and suggests that higher education accrues significant social and private benefits. McMahon's research uncovers a major skill deficit and college premium in the United States and other OECD countries due to technical change and globalization, which, according to a new preface to the 2017 edition, continues unabated. A college degree brings better job opportunities, higher earnings, and even improved health and longevity. 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.
Table of Contents
Preface
1. What Is the Problem?
2. Challenges Facing Higher Education Policy
3. Higher Education and Economic Growth
4. Private Non-Market Benefits of Higher Education and Market Failure
5. Social Benefits of Higher Education and Their Policy Implications
6. University Research
7. New Higher Education Policies
8. New Strategies for Financing Higher Education
Appendixes
A. Correcting for Ability Bias in Returns to Higher Education
B . A Simplified Dynamic Model with Higher Education Externalities
C. Valuing the Effects of Higher Education on Private Non-Market Outcomes
D. Higher Education and Growth, U.S. and OECD Countries, 1960-2005
E. Valuing the External Social Benefi ts of Higher Education
References
Index
by "Nielsen BookData"