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Benefits of Primary and Secondary Education

Education economists argue that rational individuals and societies invest in primary and secondary education because of their numerous benefits. An individual and his or her family enjoy private benefits of education such as improved earnings and health. Communities, states, and countries gain social benefits from an educated populace, such as larger tax revenues and savings in government expenditures on health and crime. This entry presents three conceptual models for understanding the relationship between education and its benefits and reviews the international evidence on the various private and social benefits of primary and secondary education.

Conceptual Models of Education and Benefits

Social scientists typically use three conceptual models to explain the association between benefits and education: (1) the direct effects model, (2) the correlated effects model, and (3) ...

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