The benefits to taxpayers from increases in students' educational attainment / Stephen J. Carroll, Emre Erkut.

Increases in educational attainment benefit the public because more highly educated people tend to pay more in taxes, are less likely to use social support programs, and are less likely to commit crimes. This volume examines the monetary value of these benefits over an individual's lifetime and...

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Bibliographic Details
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TeilnehmendeR:
Year of Publication:2009
Edition:1st ed.
Language:English
Physical Description:1 online resource (143 p.)
Notes:Description based upon print version of record.
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Table of Contents:
  • Cover; Preface; Contents; Figures; Tables; Summary; Acknowledgments; Abbreviations; CHAPTER ONE - Introduction; The Problem; Research Objective; Research Questions; Illustrative Examples; Previous Research; Definition of Terms; Organization of the Report; CHAPTER TWO - Analytic Approach; Independent Variables; Education and Earnings; Tax Payments; Social Program Participation and Costs; Incarceration Costs; Estimating the Effects of Increased Education; Transformations; Critical Assumptions; Putting the Results in Perspective; CHAPTER THREE - Payments for Taxes and Social Programs
  • Taxation MechanismsEducational Attainment and Earnings; Federal and State Tax Rates; The Effects of Increased Educational Attainment on Tax Payments; Related Studies; The Effects of Multilevel Increases in Educational Attainment on Tax Payments; Sensitivity Analysis; Summary; CHAPTER FOUR - Spending on Social Support Programs; Background; Analytic Approach; Effects of Educational Attainment on the Costs of Welfare Programs; Effects of Educational Attainment on the Costs of Food Stamps; Effects of Educational Attainment on Supplemental Security Income Spending
  • Effects of Educational Attainment on Medicaid SpendingEffects of Educational Attainment on Medicare Spending; Effects of Educational Attainment on the Costs of Unemployment Insurance; Effects of Educational Attainment on Social Security Spending; Effects of Educational Attainment on Spending on Social Programs; Sensitivity Analysis; Summary; CHAPTER FIVE - Educational Attainment and Spending on the Corrections System; Analytic Approach; The Effect of Educational Attainment on Crime Rates; Effects of Educational Attainment on Incarceration Costs; Sensitivity Analysis; Summary
  • CHAPTER SIX - The Costs of Providing Additional EducationCHAPTER SEVEN - Educational Attainment and Public Revenues and Costs; Effects of Increases in Education on the Public Budget; Net Benefits from Increased Educational Attainment; The Effects of Increased Educational Attainment: An Example; Sensitivity Analysis; Putting the Estimates in Perspective; Summary; APPENDIX A - Data and Sources; APPENDIX B - Estimating Tax Payments; APPENDIX C - Social Program Participation and Costs; APPENDIX D - Incarceration Cost Estimations; References