Three broad facts about education have emerged from recent research. Firstly, almost universally education is found to lift people out of poverty. Secondly, when a comparison is made between investing in education and other forms of investment, the returns from investing in education are on average lower. Thirdly, the returns to education - in the sense of the increment in income that accrues to each year of education - are much higher for those with higher levels of education. What factors i...read more
Three broad facts about education have emerged from recent research. Firstly, almost universally education is found to lift people out of poverty. Secondly, when a comparison is made between investing in education and other forms of investment, the returns from investing in education are on average lower. Thirdly, the returns to education - in the sense of the increment in income that accrues to each year of education - are much higher for those with higher levels of education. What factors influence these trends?